Conduent completes separation from Xerox

New Delhi, Jan 3 (IANS) US-based Conduent on Tuesday completed its separation from Xerox and has launched itself as business process services leader with $6.7 billion in annual revenue.

With over 93,000 employees in more than 40 countries, Conduent is a Fortune 500-scale company with expertise in transaction-intensive processing, analytics and automation.

"We have already begun laying the groundwork to drive profitable growth through sharpened go-to-market capabilities and greater consistency in applying our automation, analytics, innovation and expertise," said Ashok Vemuri, CEO, Conduent, in a statement.

The company handles more than 2.5 million contact centre interactions daily and services 8.9 million people who pass through managed toll systems, representing 46 per cent of all the US toll collections.

Conduent continues with its previously announced major cost transformation programme which will streamline the business, improve margins, and enable investment into growth opportunities, the company said.