Jeff Jacobson Joins Private Equity Firm SIRIS as Executive Partner

Siris recently purchased EFI for 1.7B. The rationale for the purchase is to allow for long term development without the pressure of short term business growth by shareholders. Could this be Xerox's future once the holding company is formed, and as some sections of the company are sold? In addition to the story about Jacobson at the link below, read the companion article on the sale of EFI. (Although I am a laid off person, I am still interested in Xerox's health for the sake of friends still at the company.)

https://www.piworld.com/article/jeff-jacobson-joins-private-equity-firm-siris-executive-partner/

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OP here, I should have clarified I wasn't specifically thinking Siris would purchase parts of Xerox, just private equity firms in general.

@ID: @ZCYBnl8-5ksy I resemble that remark.

You people know nothing.

Read the announcement closely. Jacobson is NOT an employee. He’s a partner. He makes money if he brings them a deal. His efforts won’t be on xerox where he is despised by the Icahn gang. Someone else will bring in that fish, if it is to be.

Jacobson will be fishing for other print related opportunities. If he lands them he’ll make some money ... but he’s NOT an employee of Siris

Interesting thought. I don't know enough about SIRIS to know if they have the cash after paying close to $2B USD for EFI.

It will be interesting to watch. It would say a lot about Jeff Jacobson and Carl Icahn if they did reach agreement. Icahn doesn't think Jeff is a good CEO but is willing to sell to a firm that hired him. A SIRIS acquisition of Xerox would more than fulfill Icahn's promises and make him look like a genius (SIRIS paid a 45% premium for EFI) and Jacobson would have to swallow his pride to support it.

Thread regarding Xerox Corp. layoffs

Jeff Jacobson Joins Private Equity Firm SIRIS as Executive Partner

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