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Xerox launches new software division

announced formation of CareAR, a Xerox company
- received $700 million post-money valuation following a $10 million equity investment from ServiceNow
- combines DocuShare content management solution, XMPie cross media platform, PARX Alto AT and CareAR, an augmented reality technology
- will be led by Steve Bandrowczak and Sam Waicberg

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