Press Release April 02, 2007

Xerox to Acquire Global Imaging Systems

April 2, 2007 — Xerox Corporation one of the world's leading document management technology and services enterprise, announced today a definitive agreement to acquire Global Imaging Systems, Inc. in a transaction valued at an estimated at $1.5 billion. Upon closing of the transaction, Xerox Corporation, headquartered in Stamford, Connecticut, will increase its annual sales by more than $1 billion and will gain nearly 200,000 customers across the U.S. In addition, it will increase equipment sales, services and supplies to support all of its products.

Global Imaging's Goodwin Procter team included lead partner Joseph L. Johnson III, with support from attorneys Katherine Enright, Lynda T. Galligan, Joshua J. Gallitano, Christopher J. Hagan, Thomas M. Hefferon, Patricia A. Johansen, Robert G. Kester, Keith D. Shugarman, Jack B. Steele, Scott A. Webster and paralegal, J.T. Roy.