Xerox’s Multi-Year Software Deal with Oracle to Launch New Business Faster

03 January 2022: Xerox has partnered with Oracle to allow new businesses born inside Xerox to launch and monetize their services more quickly. By choosing Oracle’s integrated set of Oracle Cloud software offerings, new Xerox businesses can sell online, create orders, process invoices, track performance and carry out financial planning within weeks, as opposed to several months. For Xerox’s 3D printing business, the team was able to stand up the IT infrastructure needed in just six weeks to “transact right out of the gate”, and can now use this as a template to future ventures.

“We’re able to operate in a very nimble way, where we can spin up a new business in just a few weeks, all without switching to a different platform,” said Naresh Shanker, Senior Vice President and Chief Technology Officer at Xerox.

Having historically traded in 2D rather than 3D printing, Xerox announced its intentions to develop a roadmap to “participate” in 3D printing back in 2018. Shortly after, the firm acquired liquid metal jet 3D printer manufacturer Vader Systems and made its Formnext debut in 2019 with a substantial presence at the show.

Recently, Xerox continued its foray into the additive manufacturing space through leading a recent $3.5 million seed funding round for 3D printing software developer CASTOR. Through its investment, Xerox is potentially eyeing the professional market, with the companies’ ongoing relationship offering a glimpse of where Xerox’s expansion could be heading next.

Prior to its partnership with Oracle, it reportedly took Xerox up to three months to implement the IT systems required to support a new business venture. To speed up this process, the firm began reviewing cloud-based systems that would allow new businesses born inside Xerox to launch and commercialize their services more quickly.