WATCH: Xerox split explained

Feb 3, 2016

Last week, Xerox announced it will split into two publicly traded companies, one for Document Technology, the other for Business Process Outsourcing.

It expects to accomplish that by the end of the year.

Chairman and CEO Ursula Burns says the company is taking affirmative steps to drive shareholder value, and she says that she is confident "the extensive structural review we conducted over the last few months has produced the right path forward for our company."

In this short video, WXXI's Veronica Volk offers a deeper look into the split:

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