Xerox Corporation has announced it has acquired LaserNetworks, a leading managed print services (MPS) provider in Canada.

Based in Oakville, Ontario, LaserNetworks provides MPS solutions that include print device tracking, centralized service and supply management and document routing. “Our acquisition of LaserNetworks expands our services footprint in Canada, enhancing our capabilities and distancing us from our competitors. It is further evidence of Xerox’s transformation into a services-led, technology-driven company,” said Mandy Shapansky, president and CEO, Xerox Canada.

LaserNetworks currently provides support services for more than 40,000 print-related devices in offices across Canada. It will operate as a wholly-owned subsidiary of Xerox Canada with LaserNetworks founder and CEO Chris Stoate continuing to lead the company, reporting to Shapansky. The company employs 189 people in sales, services and business operations.