Xerox Holdings Corporation, pioneers in office and production print technology, has announced the donation of its renowned Palo Alto Research Center (PARC) to SRI International, a nonprofit research institute headquartered at Menlo Park, California, which is behind some of the world’s most impactful deep tech advancements.
The move lets Xerox focus entirely on delivering new innovations around its own print, digital, and IT service offerings to support clients’ hybrid workplace needs, while allowing the PARC team to join a leading research institution to usher in its next evolution of growth.
Founded in 1970 and established as an independent company in 2022 in California’s Silicon Valley, Xerox PARC has pioneered many technology platforms – from the Ethernet and laser printing to the graphical user interface (GUI) and ubiquitous computing – and has enabled the creation of many industries. PARC’s donation is expected to open new doors of opportunity for both Xerox and SRI.
Steve Bandrowczak, CEO at Xerox, says, “Our clients are at the heart of everything we do. This decision allows both Xerox and PARC to focus on delivering innovations and solutions that align with their own strengths and capabilities. With this arrangement, PARC’s deep tech innovations will be sustained by SRI while allowing Xerox to simplify and optimize its operations and focus solutions on the continued evolution of hybrid work.”
Dr. David E. Parekh, CEO of SRI International, adds, “SRI International’s rich history combined with PARC’s track record and legacy of breakthrough innovation opens the door to extraordinary new technological advances and the bold impact for which both organisations are known.”
As part of the donation, Xerox will enter the Technology Exploration and Innovation Program, a preferred research agreement, in which the company and its clients will receive contracted research and development services from SRI. Through the collaborative program, Xerox and SRI will identify topic areas relevant to Xerox’s core print, digital, and IT services business, with the final goal of creating proofs-of-concept and roadmaps to implementation. Xerox will also retain a branded Innovation Hub at PARC to host annual conferences, demonstrations, and meetings for its clients.
