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Text Content

XEROX ANNOUNCES STRATEGIC PARTNERSHIP WITH LINKSQUARES TO DELIVER CONTRACT
LIFECYCLE MANAGEMENT CAPABILITIES TO CUSTOMERS

Enhanced functionalities round out Xerox’s Capture & Content Services

September 21, 2022 12:12 PM Eastern Daylight Time

NORWALK, Conn.--(BUSINESS WIRE)--Today, Xerox announced a new strategic
partnership with LinkSquares to deliver contract lifecycle management (CLM)
capabilities to its customers in the U.S. as part of the company's Capture &
Content Services offerings. The partnership follows Xerox Ventures’ second
investment in LinkSquares earlier this year.

> “Historically, legal departments have been among the slowest to adopt new
> technology when compared with other business operations”
> 
> Tweet this

Xerox’s Capture & Content Services provide advanced multichannel capture and
process automation, making information available at point of need to enable
clients to make better informed and more proactive business decisions. The joint
solution uniquely enables users to scan, digitize, transform and enhance
contracts and make them available within LinkSquares CLM platform to deliver
efficiency in customers’ contracting processes.

“LinkSquares is the leader in contract management, and their pursuit of customer
satisfaction while automating a typically disjointed system will resonate deeply
with our customer base,” said Tracey Koziol, senior vice president, global
offering solutions Xerox. “By leveraging our companies’ technologies, we will
enable clients across industries to operate more efficiently as they navigate
complex contractual scenarios.”

With LinkSquares’ added CLM capabilities, Xerox customers will be able to:

 * Replace manual contract filing within their current content management system
   using cutting-edge automation.
 * Minimize date entry errors and limit (or eliminate) mandatory metadata or
   contract properties to enter at upload.
 * Leverage tools for event-triggered notifications to improve management of
   contracts throughout their lifecycle.
 * Easily draft and upload agreements using pre-approved templates, tailored
   drafting workflows, and a centralized Clause Library with vetted standard
   clauses.

“As legal teams undertake more strategic roles within their companies, many are
being asked to do more, often with fewer resources,” said Vishal Sunak, CEO and
co-founder at LinkSquares. “Through this partnership with Xerox, we’re
empowering customers with AI technology that streamlines and automates processes
for enormous savings on time and money.”

LinkSquares recently secured $100 million in Series C financing, with Xerox
Ventures signing on as a repeat investor. This latest round brings LinkSquares
total funding to $161.46 million, at a current valuation of $800 million. Xerox
Ventures invests in early and growth-stage startups with technologies designed
to increase efficiency, cost savings and revenue across multiple industries,
including connected work, empowered businesses and green enterprise.

“Historically, legal departments have been among the slowest to adopt new
technology when compared with other business operations,” said Chris Fisher,
managing director of Xerox Ventures. “LinkSquares’ AI solution helps companies
transform their legal functions, aligning with Xerox Ventures’ focus on
investing in companies that will power the next generation of business
solutions.”

About Xerox Holdings Corporation (NASDAQ: XRX)

For more than 100 years, Xerox has continually redefined the workplace
experience. Harnessing our leadership position in office and production print
technology, we've expanded into software and services to sustainably power
today's workforce. From the office to industrial environments, our
differentiated business solutions and financial services are designed to make
every day work better for clients — no matter where that work is being done.
Today, Xerox scientists and engineers are continuing our legacy of innovation
with disruptive technologies in digital transformation, augmented reality,
robotic process automation, additive manufacturing, Industrial Internet of
Things and cleantech. Learn more at xerox.com.

About LinkSquares

LinkSquares is the company behind the AI-powered contract management platform of
choice for legal teams aiming to move their business forward faster. Customers
have everything they need to write better contracts, analyze what's in existing
contracts, and collaborate better with their team at every step of the way.
LinkSquares differs from other platforms on the market with its powerful AI
insights, speed to tangible results through flexible automation, and ability to
centralize everything for .better visibility and collaboration. For more
information, visit https://linksquares.com.

Note: To receive RSS news feeds, visit https://www.news.xerox.com. For open
commentary, industry perspectives and views, visit
http://www.linkedin.com/company/xerox, http://twitter.com/xerox,
http://www.facebook.com/XeroxCorp, https://www.instagram.com/xerox/,
http://www.youtube.com/XeroxCorp.

Xerox® is a trademark of Xerox in the United States and/or other countries.


CONTACTS

Media:
Callie D. Ferrari, Xerox, +1-203-615-3633, Callie.Ferrari@xerox.com


XEROX HOLDINGS CORPORATION

NASDAQ:XRX



MORE NEWS

 * September 30, 2022
   Xerox Hosts ‘Now & Next’ Premier Partner Forum in London


CONTACTS

Media:
Callie D. Ferrari, Xerox, +1-203-615-3633, Callie.Ferrari@xerox.com




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