Xerox’s PARC Spins Off Novity Predictive Maintenance Venture


Xerox has spun off Novity, a start-up venture that Xerox’s Palo Alto Research Center (PARC), a Xerox subsidiary, launched earlier this year. Xerox’s November 1 announcement does not provide details regarding the spin-off but says the firm will maintain a minority stake in Novity. Xerox’s PARC subsidiary launched Novity to develop and commercialize predictive maintenance

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