Lesson for Colleges and Universities: Save Money with Managed Print Services; Redirect Millions to Student Programs

ROCHESTER, N.Y., July 26, 2011 – Colleges and universities take note: a closer look at the way students and staff are printing documents could go a long way in stretching the budget.  For example, Ohio-based Cuyahoga Community College (Tri-C) will save nearly $2 million using Xerox Corporation’s (NYSE: XRX) managed print services (MPS) to control costs associated with printing across its three campuses. 

 

Tri-C signed on for a five-year Enterprise Print Services contract to better handle how its more than 32,000 students were using printers, copiers and fax machines.  Working with Xerox, Tri-C eliminated approximately 400 outdated or unused devices and simplified the print environment to help students and staff direct jobs to the most cost-effective, energy-efficient machines.

 

“Xerox delivered a strategy that has an immediate impact on our bottom line and our sustainability efforts. In the first year alone, we’ll save up to $400,000 across campus offices and print centers, and we’ll reduce paper and energy use by 34 percent,” said Al Moran, vice president, Marketing, Tri-C.

 

Xerox will measure progress using tools such as its Sustainability Calculator to pinpoint new opportunities to reduce paper use and power consumption.  Education efforts are underway to help staff and students understand the environmental benefits of the new print strategy.

 

“Our primary mission is the education of students and to train and retrain the workforce in Northern Ohio – not managing documents. Xerox clears the way for us to focus on what’s important,” said Jerry Hourigan, vice president, IT, Tri-C.  “They also understand that how we communicate and execute MPS across campus is just as important as cost savings and other benefits.”

 

Xerox was positioned by Gartner, Inc., in the Leaders Quadrant in the 2010 Magic Quadrant for Managed Print Services Worldwide¹, and was recognized as a leader in IDC’s Worldwide and U.S. Outsourced Print and Document Services Forecast and Analysis² and in IDC’s 2010 MPS MarketScape report³. Xerox was also named a managed print services market leader in Quocirca’s European Vendor “MPS Comes of Age” report 2010. 

Xerox Corporation is a $22 billion leading global enterprise for business process and document management. Through its broad portfolio of technology and services, Xerox provides the essential back-office support that clears the way for clients to focus on what they do best: their real business. Headquartered in Norwalk, Conn., Xerox provides leading-edge document technology, services, software and genuine Xerox supplies for graphic communication and office printing environments of any size. Through ACS, A Xerox Company, which Xerox acquired in February 2010, Xerox also offers extensive business process outsourcing and IT outsourcing services, including data processing, HR benefits management, finance support, and customer relationship management services for commercial and government organizations worldwide. The 134,000 people of Xerox serve clients in more than 160 countries.  For more information, visit http://www.xerox.com, http://news.xerox.com, http://www.realbusiness.com or http://www.acs-inc.com. For investor information, visit http://www.xerox.com/investor.

 

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¹Gartner “Magic Quadrant for Managed Print Services Worldwide” by K. Weilerstein, et al. Sept. 22, 2010.

²IDC “Worldwide and U.S. Outsourced Print and Document Services Forecast and Analysis” Doc #224913, September 2010.

³IDC “IDC MarketScape: Worldwide Managed Print Services 2010 Hardcopy Vendor Analysis” Doc # 222872, April 2010.