Technoevolab (formerly Xerox CIS)

Performance indicators

2023: Revenue cut by 28%, going to profit after loss

As TAdviser found out, in 2023, the revenue of Technoevolab, the renamed former Russian subsidiary Xerox, decreased by 28.4% compared to 2022, to 4.776 billion rubles. At the same time, the company completed the year with a net profit of about 66 million rubles, while at the end of 2022 it received a large loss.

In 2023, Technoevolab reduced business expenses by 74.7% and management expenses by 41.5%.

After the separation from Xerox, which stopped supplying products to Russia, Technoevolab specializes in the development of complex IT projects, solutions for managing the printing infrastructure, automating business processes, as well as the supply of a wide range of paper products: from white office paper to special synthetic materials.

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Freepik

Among the services that the company provides as of the beginning of the year: outsourcing of office printing infrastructure, outsourcing of processing of financial and accounting documents, outsourcing of mass production of documents, centralized printing services, services for processing of incoming and outgoing correspondence, for managing marketing operations and assets, etc.

Technoevolab also provides service services for the repair of office printing equipment and industrial equipment in Russia. The company's own divisions operate in Moscow, St. Petersburg and Yekaterinburg, together with an extensive partner network, they form a network for the repair of printing equipment.

The drop in revenue in 2023 is primarily due to the fact that at the beginning of 2022 the company was still the official importer of Xerox with the corresponding business volume, TAdviser explained to Technoevolab. Also, the termination of shipments from Xerox significantly affected the cost of service contracts.

Most customers were sympathetic to the current situation, but there were also those who pushed us to optimize the current project portfolio, - told TAdviser in Technoevolab.

At the same time, the company notes that, unlike revenue for 2023, the company's profit is in absolutely the opposite trend and allows us to talk about business efficiency.

As for the prospects, we are working on new areas of business and will be able to share details after the launch of projects, - added to Technoevolab.

History

2023

Resumption of work under the name "Technoevolab"

The former Russian "daughter" Xerox resumed work under a new name - "Technoevolab." The company name change is reflected in the Unified State Register of Legal Entities (Unified State Register of Legal Entities). He turned to this change on October 22, 2023. TASS

According to the Unified State Register of Legal Entities, the deal with the global Xerox took place on October 10, 2023. Created in 2002, LLC "Xerox CIS" from this date is fully owned by LLC "Kselab." Previously, it belonged to Xerox Limited, clarifies the news agency.

"Daughter" Xerox resumed work under a new name - "Technoevolab"

It is noted that as a result of the transaction, the company's employees will retain their jobs. Technoevolab will continue servicing its customers, providing services for managing the printed infrastructure and automating business processes, as well as supplying paper products and special materials.

Until February 2022, Xerox LLC was the "exclusive importer of Xerox products." The company provided services for outsourcing office printing infrastructure, business process automation, service. "LLC" Xerox (CIS) 'was established in 1993.^[1]

As the CNews edition notes, the name change did not affect the size of the authorized capital of Technoevolab - as before, it is about 495 million rubles. The CEO of the company also did not change - the position at the time of the release of the material was held by Maxim Bobrov, who received it in July 2022.

According to the president of Technoevolab Anton Borodikhin, the completion of the deal to transfer the now former Xerox subsidiary to the ownership of its top management opened it to new owners "the opportunity to independently determine priorities and directions of development."

The plans include the development of new projects in Russia that will help domestic customers solve current IT problems, including those not related to the print business, Borodikhin added.

The leaders of the Russian "daughter" Xerox bought it

Logo Xerox

The leaders of the Russian "daughter" Xerox bought it. The company told about this transaction on October 11, 2023. At the same time, the details of the agreement, including financial ones, were not disclosed.

Xerox Corporation completed work in Russia and sold the Russian business to local management, Xerox said in a statement.

The leaders of the Russian "daughter" Xerox bought it

LLC "Xerox (CIS)" will continue to work as an independent organization and will change its name. Employees will retain their jobs, and the company will also continue to cooperate with its customers and suppliers.

We will not only carry out full-fledged support within the framework of current contracts, but also launch new projects in Russia, offering customers and partners the most effective solutions for digital business transformation, - said Anton Borodikhin, President of Xerox (CIS) LLC, whose words are quoted by the company's press service.

Having separated from Xerox, Xerox (CIS) plans to further offer customers service, as well as provide services for managing the printed infrastructure and ensure the supply of a wide range of paper products and special materials. According to Anton Borodikhin, the company will launch new projects in Russia after the closure of the deal with Xerox.

By October 2023, Xerox, which produces printing and digital copying devices, does not supply products to Russia, linking its decision with the Russian military operation in Ukraine. As the chief financial officer of the company, Xavier Heissa, noted, both in Russia and Ukraine, the company has separate legal entities and both representative offices do not bring significant revenues, and Xerox monitors compliance with all existing sanctions.

The company "Xerox (CIS)" was engaged in the development of solutions for managing the printed infrastructure and automation of business processes, and also supplied paper products.^[2]

2022

Reduction in revenue in Russia by 53.4% to 6,674 million rubles

At the end of 2022, the revenue of the American company Xerox in Russia (LLC Xerox (CIS)) decreased by 53.4% - to 6,674 million rubles. Revenue from financial statements for 2021-2022 excluding VAT . In the ranking " TAdviser100: The largest IT companies in Russia 2023," such an indicator allowed the company to take 76th place.

The Russian service division of the American company Xerox became part of Softline

The Russian company Softline, separated from the global integrator, in the summer of 2022 included in its structure the service division of the Russian branch of the American company Xerox. A source from the market told TAdviser about this. According to him, on the basis of the transferred Xerox division in the Russian Softline, a new direction was created that deals with services on the meringue of Xerox technologies. Read more here

2021: Revenue growth in Russia by 13.5% to RUB 14,324 million

At the end of 2021, the company's revenue Xerox Russia amounted to 14,324 million rubles, an increase of 13.5% compared to 2020, which allowed it to take 39th place in the ranking of TAdviser100: The largest IT companies in Russia 2022. The revenue of LLC "" from XEROX (LPG) the financial statements for 2020-2021 was taken into account. Without VAT

2020: Revenue in Russia - 12,620 million rubles

At the end of 2020, Xerox's revenue in Russia amounted to 12,620 million rubles.

2019

Decrease in revenue by 2.3% to 13.5 billion rubles.

At the end of 2019, Xerox (Xerox CIS LLC) took 16th place in the TAdviser Ranking: the 50 most profitable representative offices of foreign IT companies in Russia. The company's revenue for 2019 amounted to 13,590,438 thousand rubles, which is 2.3% lower than in 2018.

Cooperation with IIPK named after Fedorov in the field of acquaintance of students with technologies in printing

On November 21, 2019, Xerox announced that it had become a partner of the Ivan Fedorov Moscow Publishing and Printing College (I. Fedorov MIPK). The company will conduct educational events at the institution and acquaint students with advanced technologies in printing. Read more here.

Opening of a branded online store in Russia

On November 13, 2019, Xerox announced the launch in Russia, in addition to a partner channel, of a combined online platform for the sale of small office equipment and consumables. Customers who have contacted the online store have access to expert support and the proper quality of service, the company says.

The branded Russian online store Xerox was launched on November 12. It presents all A4 printing devices from the company's range, as well as individual A3 models, scanners and consumables. According to Xerox representatives, this is the company's largest branded online store in Europe and the largest online platform for the sale of Xerox consumables in Russia. Customers of the online store have access to support for Xerox product specialists through a call center, chat or email.

You can go to the company's branded online store from the Xerox catalogs of equipment and consumables. A version adapted for mobile devices is available.

The partner network remains the main sales channel and the basis of Xerox's business. Authorized partners can purchase the widest range of Xerox products and services, receiving competent advice and service. You can select the nearest partner who offers the necessary product category on the Xerox website in the "Find a partner" section.

Two years ago, we launched the Xerox Coffee Break project to talk without unnecessary formalities about smart printing. And now we have decided to create a single platform for pleasant purchases and consultations over coffee. It is well suited for those who are more comfortable ordering our products online without wasting time searching, "said Valeria Korobova, Director of Marketing at Xerox Eurasia. - Clear navigation, expert help and prompt delivery - now it's even easier to buy Xerox solutions.

2018

Revenue - 13.9 billion rubles.

Revenue Xerox (LLC "Xerox") CIS for 2018 amounted to 13,915,470 thousand rubles.

Anton Borodikhin became President of Xerox Eurasia

On May 25, 2018, Xerox announced the appointment of Anton Borodikhin, head of Xerox Eurasia, who previously served as director of the Xerox Russia partner operations department and deputy general director of Xerox Eurasia. In this post, he replaced Sergei Chernovolenko. Read more here.

2017: New CEO of Xerox CIS - Maxim Bobrov

In July 2017, Maxim Bobrov was appointed General Director of Xerox CIS. He submits to the President of Xerox Eurasia Sergey Chernovolenko. Chernovolenko's area of ​ ​ responsibility includes business development and strategic positioning of Xerox in Eurasia in the field of promotion and maintenance of equipment, technologies and services for information and document management. The position of the general director of Xerox CIS assumes more administrative functions.

2016

According to Xerox estimates, in 2016, the total sales on the Russian market of materials for digital printing continued to fall. Compared to last year, the market decreased by 10-15%. The budgets of the companies remained low, and therefore the customers especially carefully chose materials in terms of value for money. In turn, the volume of the office paper market remained at the level of 2015. However, there was a noticeable change in the balance of power: the share of importers significantly decreased, while the position of local producers strengthened.

Sales of Xerox materials for digital laser printing have grown, and in the office paper segment, the company almost doubled last year.

2015: New President of Xerox Eurasia - Sergey Chernovolenko

In January 2015, Sergey Chernovolenko became the president of Xerox Eurasia. In this post, he replaced Vladimir Lavrov, who decided to leave the company. Chernovolenko's area of ​ ​ responsibility includes business development and strategic positioning of Xerox in Eurasia in the field of promotion and maintenance of equipment, technologies and services for information and document management.

2005

Of the $15.7 billion the company earned in 2005, services generated 3.3 billion. And yet, speaking of Xerox's business in emerging markets, which includes Russia, it becomes obvious that the high matter of services is a question of maybe the nearest, but future. The skeleton of sales of this American company in our country, in Asia or Latin America, is office equipment. Moreover, inexpensive equipment. Cheap MFPs, printers and copiers worth less than $1,000 in the DMO (Developing Markets Operations) region account for more than 58% of sales (2005). A few years ago, this figure was even higher. For comparison, in Europe the share of such devices does not exceed 34%, and in North America - 24%.

Emerging markets were expected to become the largest region by monoprinter consumption in 2007. There is little honor in this - Europe, the USA, Japan are rapidly switching to the use of MFPs, and sales of individual printing devices are rapidly falling here.

Among emerging markets, Russia, with its adjacent CIS countries, is the undisputed leader in the consumption of printers and MFPs worth less than $1000. About 3 million similar devices are sold here per year. Brazil, Mexico, India and Poland follow. The growth of this segment (at the specified price and geography) is 17% per year.

Technologically, Xerox focuses primarily on color laser printing. This segment is the most expensive and therefore the most profitable for both the manufacturer and its partners. The rise of color printing is a trend on which Ann Mulcahy's strategy is largely based today. If in 2004 out of 3 trillion pages printed in the world, only 5% were colored, then in 2006 it was expected to grow to 9%. Xerox is confident that the share of color printing in 2009 will reach 17%.

In many ways, Russia's success in selling Xerox equipment was due to the experimental scheme of the company's development in our country. This experiment was forced: in 1998, after the financial crisis that broke out in our country, the very rejection of direct sales in favor of the channel was recognized as the best way out for the local office. From 1999 to 2005, sales of the company in our country grew by an average of 25% per year. The success of Russian partners impressed Xerox so much that today 100% of the company's office equipment sales worldwide go through integrators and resselers.

At the end of 2005, Xerox Russia's turnover amounted to $245 million. The representative office received corporate status of the Entity, which gives it broad privileges in forming its own organizational structure and obtaining financial benefits. Interestingly, the domestic market differs markedly in terms of sales structure from traditional "developing" countries. In addition to traditional sales of office equipment, several projects in the service sector have already been implemented here (outsourcing work with documents at customer sites), the direction of industrial printing systems is actively developing.

Russians at Xerox feel confident not only in sales, but also in management. Confirmation of the high level of local managers is the fact that the domestic office does not have a single foreigner, which is not at all typical for an international company. At the same time, personnel turnover is 1% per year. Russian managers, on the contrary, are gradually distributed across the planet: a man from Moscow headed the Xerox office in Turkey, an appointment is being prepared in one of the countries of Eastern Europe.

1974

In 1974, a representative office was opened in Moscow. The company was a pioneer in the Soviet market of copiers, so its name became a household name for a whole type of equipment.

• LLC "Xerox (CIS)"
• Registered office: 101000, Moscow, Ogorodnaya Sloboda per, house number 5, building 2
• A.A. Korneev, General Director