Exhibit 21
Subsidiaries of Xerox Corporation
The following companies are subsidiaries of Xerox Corporation as of December 31, 2007. Unless otherwise noted, a subsidiary is a company in which Xerox Corporation or a subsidiary of Xerox Corporation holds 50% or more of the voting stock. The names of other subsidiaries have been omitted as they would not, if considered in the aggregate as a single subsidiary, constitute a significant subsidiary:
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Name of Subsidiary AMTX, Inc. Carmel Valley, Inc. FairCopy Services Inc. Global Imaging Systems, Inc. American Photocopy Equipment Company of Pittsburgh, LLC Arizona Office Technologies, Inc. Berney Office Solutions, LLC N&L Enterprises, LLC Capitol Office Solutions, LLC Carr Business Systems, Inc. Connecticut Business Systems, LLC Conway Office Products, LLC Blackstone Valley Office Systems, Inc. Business Equipment Unlimited Global Imaging Finance Company, LLC Cameron Office Products, LLC Eastern Copy Products, Inc. Northeast Copier Systems, LLC CopyCo Office Solutions, Inc. MRSCO, Inc. Global Operations Texas, L.P. d/b/a Dahill Distinctive Business Products, Inc. Global Imaging Operations, LLC Duplicating Specialties, Inc. Electronic Systems, Inc. Acme Business Machines, Inc. Copy Service and Supply, Inc. Carolina Office Systems, Inc. TML Enterprises, Inc. Image Quest, Inc. Image Technology Specialists, Inc. Imagine Technology Group, Inc. Inland Business Machines, Inc. Lucas Business Systems, Inc. Astro Business Technologies, Inc. Lewan & Associates, Inc. Imaging Concepts of New Mexico, Inc. Louis E. Marino, Sr. Incorporated Michigan Office Solutions, Inc. Xerographic Solutions, Inc. MWB Copy Products, Inc. Quality Business Systems, Inc. Boise Office Equipment, Inc. Southern Business Communications, Inc. AV Presentations, Inc. Centre Business Products, Inc. Daniel Communications, Inc. ProView, Inc. Stewart Business Systems, LLC Copy Dynamics, Inc. GroupFire, Inc. Gyricon, LLC Infotonics Technology Center Inc. Institute for Research on Learning | | Incorporated In Delaware Delaware Canada Delaware Delaware Arizona Alabama Alabama Delaware New York Delaware New Hampshire Rhode Island Maine Delaware Massachusetts New York Massachusetts Indiana Indiana Texas Illinois (35) Delaware Oregon Virginia Virginia North Carolina South Carolina Virginia Kansas Massachusetts Delaware California Delaware California Colorado New Mexico California Michigan Michigan California Washington Idaho Georgia Georgia Pennsylvania Alabama North Carolina New Jersey New Jersey California Delaware New York (15) Delaware |
1
Name of Subsidiary
NewPARC LLC
Pacific Services and Development Corporation
Palo Alto Research Center Incorporated
Proyectos Inverdoco, C.A.
SCC Burton Corporation
Securities Information Center, Inc.
STHQ Realty LLC
The Xerox Foundation
Xerox Argentina Industrial y Comercial, I.C.S.A.
Xerox Canada Capital Ltd.
Xerox Canada Inc.
Xerox (Barbados) SRL
Approximo Limited
Mega Colour Limited
Oriel Star Limited
Topspeed Limited
Xerox (Barbados) Leasing SRL
Xerox Finance (Luxembourg) Sarl
Xerox Canada Facilities Management Ltd.
Xerox Canada Finance Inc.
Xerox Canada Leasing Partnership
Xerox Canada Ltd.
Ionographic Operations Partnership
Xerox Canada Leasing Company
Xerox Canada Realty Inc.
Xerox Capital, LLC
Xerox Capital Services LLC
Xerox Capital Trust I
Xerox de Chile S.A.
Xerox de Colombia S.A.
Xerox Color Printing, Inc.
Xerox Developing Markets Limited
Sidh Securities Limited
Xerox del Ecuador, S.A.
Xerox Engineering Systems NV
Xerox Export, LLC
Xerox Europe Finance Limited Partnership
Xerox European Funding LLC
Xerox Finance, Inc.
Xerox Investments Holding (Bermuda) Limited
Xerox Financial Services, Inc.
Talegen Holdings, Inc.
Xerox Credit Corporation
Xerox Foreign Sales Corporation
Xerox d’Haiti, S.A.
Xerox de Honduras, S.A.
Xerox Imaging Systems, Inc.
Xerox International Joint Marketing, Inc.
Xerox International Partners
Xerox Investments Europe B.V.
XC Trading Singapore Pte Ltd.
XC Trading Hong Kong Limited
XC Trading Japan G.K.
XC Trading Malaysia
Xerox Holdings (Ireland) Limited
Xerox (Europe) Limited
Bipolar Limited
Monocolour Limited
Pirrup Limited
Toblersong Limited
Xerox XF Holdings (Ireland) Limited
Xerox Finance (Ireland) Limited
Xerox Leasing Ireland Limited
Xerox Israel Ltd.
Incorporated In
Delaware
Delaware
Delaware
Venezuela
Delaware
Delaware
Delaware
Delaware
Argentina (1)
Canada
Ontario
Barbados (14)
Ireland
Ireland
Ireland
Ireland
Barbados
Luxembourg
Ontario
Ontario
Ontario (16)
Canada (4)
Massachusetts (18)
Nova Scotia
Ontario (3)
Turks & Caicos Islands (9)
Delaware (17)
Delaware (11)
Chile
Colombia (29)
Delaware
Bermuda
Mauritius
Ecuador (32)
Belgium
Delaware
Scotland (20)
Delaware
Delaware
Bermuda
Delaware
Delaware
Delaware
Barbados
Haiti
Honduras
Delaware
Delaware
California (10)
Netherlands
Singapore
Hong Kong
Japan
Malaysia
Ireland
Ireland
Ireland
Ireland
Ireland
Ireland
Ireland
United Kingdom
Jersey
Israel
2
Name of Subsidiary
Xerox UK Holdings Limited
Triton Business Finance Limited
Xerox Trading Enterprises Limited
Xerox Overseas Holdings Limited
Xerox Business Equipment Limited
Xerox Computer Services Limited
Xerox Mailing Systems Limited
Xerox Capital (Europe) plc
Xerox Holding (Nederland) B.V.
Xerox Manufacturing (Nederland) B.V.
Xerox Office Printing Distribution B.V.
Xerox Limited
City Paper Limited
Continua Limited
Continua Sanctum Limited
Limited Liability Company Xerox (C.I.S.)
NV Xerox Credit S.A.
Xerox Financial Services Belux NV
NV Xerox Management Services S.A.
N.V. Xerox S.A.
Xerox Luxembourg S.A.
The Xerox (UK) Trust
Xerox AG
Xerox A/S
Xerox Financial Services Danmark A/S
Xerox AS
Xerox Austria GmbH
Xerox Business Services GmbH
Xerox Leasing GmbH
Xerox Office Supplies GmbH
Xerox Bulgaria EOOD
Xerox Buro Araciari Ticaret ve Servis A.S.
Xerox Channels Limited
XEROX CZECH Republic s r.o.
Xerox Direct Rhein-Main GmbH
Xerox Espana, S.A.U.
Xerox Fabricacion S.A.U.
Xerox Renting S.A.U.
Xerox Office Supplies S.A.U.
Xerox Exports Limited
Xerox Finance AG
Xerox Finance (Nederland) BV
Xerox Financial Services Norway AS
Xerox Financial Services Sverige AB
Xerox GmbH
Xerox Capital Services Verwaltungs GmbH
Xerox Capital Services GmbH & Co. KG
Xerox Dienstleistungsgesellschaft GmbH
Xerox Leasing Deutschland GmbH
Xerox Reprographische Services GmbH
Xerox Hellas AEE
Xerox Hungary Trading Limited
Xerox (Ireland) Limited
Xerox India Limited
Xerox (Nederland) BV
“Veco” Beheer Onroerend Goed BV
Xerox Document Supplies BV
Xerox Financial Services B.V.
Xerox Rentalease BV
Xerox Services BV
Xerox Oy
Xerox Financial Services Finland Oy
Xerox Pensions Limited
Xerox Polska Sp.zo.o
Incorporated In
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom (12)
Netherlands
Netherlands
Netherlands
United Kingdom (6)
United Kingdom
United Kingdom
United Kingdom
Russia
Belgium
Belgium
Belgium
Belgium
Luxembourg (27)
United Kingdom
Switzerland
Denmark
Denmark
Norway
Austria
Austria
Austria
Austria
Bulgaria
Turkey
United Kingdom
Czech Republic
Germany
Spain
Spain
Spain
Spain
United Kingdom
Switzerland
Netherlands
Norway
Sweden
Germany
Germany
Germany (19)
Germany
Germany
Germany
Greece
Hungary
Ireland
India (8)
Netherlands
Netherlands
Netherlands
Netherlands
Netherlands
Netherlands
Finland
Finland
United Kingdom
Poland
3
Name of Subsidiary
Xerox Portugal Equipamentos de Escritorio, Limitada
CREDITEX - Aluguer de Equipamentos S.A.
Xerox Professional Services Limited
Xerox Property Services Limited
Xerox (Romania) Echipmante Si Servici S.A.
Xerox Slovenia d.o.o.
Xerox S.p.A.
Xerox Italia Rental Services S.r.l.
Xerox Sverige AB
Xerox Telebusiness GmbH
Xerox (UK) Limited
Bessemer Trust Limited
Inserco Manufacturing Limited
Xerox Finance Limited
Xerox Office Supplies Limited
Xerox (R & S) Limited
Xerox (Ukraine) Ltd LLC
Xerox West Africa Limited
Xexco Trading Limited
Xerox S.A.S.
Set Electronique SA
Set Belgium (EPC)
Set R&D Belgium (EES)
Xerobail SAS
Xerox Financial Services SAS
Xerox Document Supplies SNC
Xerox Global Services SAS
Xerox General Services SAS
Xerox XHB Limited
Xerox XIB Limited
XRO Limited
Nemo (AKS) Limited
XRI Limited
RRXH Limited
RRXO Limited
RRXIL Limited
Xerox Latinamerican Holdings, Inc.
Xerox Lease Funding LLC
Xerox Lease Equipment LLC
Xerox Mexicana, S.A. de C.V.
Xerox Middle East Investments (Bermuda) Limited
Bessemer Insurance Limited
Reprographics Egypt Limited
Xerox Egypt S.A.E.
Xerox Finance Leasing S.A.E.
Xerox Equipment Limited
Xerox Maroc S.A.
Xerox Products Limited
Xerox Mortgage Services, Inc.
Xerox de Nicaragua, S.A.
Xerox Overseas, Inc.
XC Asia LLC
Xerox Serviços e Participacoes Ltda.
Xerox Comercio e Industria Ltda
Xerox del Peru, S.A.
Xerox Realty Corporation
Lansdowne Residential LLC
Xerox Trade Receivables LLC
Xerox Trinidad Limited
Xerox de Venezuela, C.A.
Xerox XBS Warehouse Holding LLC
Xerox XBS Warehouse Funding LLC
Xerox XBS Warehouse Funding II LLC
XESystems Foreign Sales Corporation
XGUA Servicios, Ltda.
Incorporated In
Portugal (21)
Portugal
United Kingdom
United Kingdom
Romania
Slovenia
Italy
Italy
Sweden
Germany
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom
Ukraine
United Kingdom
United Kingdom
France (22)
France
Belgium
Belgium
France
France (23)
France (24)
France
France
Bermuda (6)
Bermuda (6)
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom (6)
Delaware
Delaware
Delaware
Mexico (28)
Bermuda
Bermuda
Egypt
Egypt
Egypt
Bermuda
Morocco (2)
Bermuda
Delaware
Nicaragua
Delaware
Delaware
Brazil
Brazil
Peru (30)
Delaware
Virginia
Delaware
Trinidad
Venezuela (5)
Delaware
Delaware
Delaware
Barbados
Guatemala
4
Name of Subsidiary
XMPie Inc.
Nuvisio, Inc.
Nuvisio, Ltd.
XMPie, Ltd.
Incorporated In
Delaware
New York
Israel
Israel
| (1) | Xerox Corporation owns 90% of the shares of Xerox Argentina; the remaining 10% is owned by Pacific Services and Development Corporation, a wholly-owned subsidiary of Xerox Corporation. |
| (2) | Owned 99.9% by XMEIBL and .1% by several individuals. |
| (3) | 1,000 shares held by Xerox Canada Inc. and 9,000 shares held by Xerox Corporation. |
| (4) | Owned 65% by Xerox Canada Inc. and 35% by Xerox Canada Finance Inc. |
| (5) | Owned 86.75% by Xerox Corporation, and 13.25% by Pacific Services and Development Corporation. |
| (6) | Includes indirect holdings. |
| (8) | Owned 45.579% by Xerox Limited, 38.871% by Sidh Securities Limited (Mauritius) (a subsidiary of Xerox Developing Markets Limited) and 4.421% through Xerox’s wholly-owned subsidiary, Xerox Developing Markets Limited. The total ownership by Xerox Corporation is 88.871%. |
| (9) | Owned 99.9% by Xerox Corporation and .1% by Pacific Services and Development Corporation, a wholly-owned subsidiary of Xerox Corporation. |
| (10) | Xerox International Partners is a California general partnership between FX Global, Inc. (49%) and Xerox International Joint Marketing, Inc. (51%). |
| (11) | Xerox Capital Trust I is a Delaware statutory business trust which is 100% beneficially owned by Xerox Corporation. The Trust is a special purpose financing vehicle. |
| (12) | Owned 99% by Xerox Overseas Holdings Limited and 1% by Xerox Property Services Limited as nominee for Xerox Overseas Holdings Limited. |
| (14) | Owned 88.27% by Xerox Canada Inc. and 11.73% by Xerox Corporation. |
| (15) | This is a not-for-profit corporation which will act as a research and development consortium of businesses and universities. The initial members are Xerox, Corning, Kodak, University of Rochester, RIT and Cornell. |
| (16) | Xerox Canada Leasing Partnership is an Ontario general partnership between Xerox Canada Inc. (99%) and Xerox Canada Finance Inc. (1%). |
| (17) | Owned 19% by Xerox Corporation and 81% by GE Capital Information Technology Solutions, Inc. [Included in Xerox Corporation’s consolidated financial statements.] |
| (18) | Owned 66.995% by Xerox Canada Ltd. and 33.005% by Xerox Canada Inc. |
| (20) | Xerox Europe Finance Limited Partnership is owned 99.9% by Xerox Export LLC and .1% by Xerox Corporation. |
| (21) | Owned 74% by Xerox Limited and 26% by Xerox Property Services Limited. |
| (22) | Remaining shares in Xerox SAS held by Xerox Overseas Holding Limited. |
| (23) | Owned 87.5% by Xerobail SAS and 12.5% by Xerox SAS. |
| (24) | Owned 99.99% by XEROX S.A.S. and .01% by Xerobail SAS. |
| (27) | Owned 99% by NV Xerox SA and 1% by NV Xerox Credit SA. |
| (28) | Owned 99.99% by Xerox Corporation and .01% by Pacific Services and Development Corporation. |
| (29) | Owned 94.24% by Xerox Corporation, 5.56% by Pacific Services and Development Corporation and .20% by a Minority owner. |
| (30) | Owned 95.73% by Xerox Corporation and 4.27% by Pacific Services and Development Corporation. |
| (32) | Owned 99.99% by Xerox Corporation and .01% by Pacific Services and Development Corporation. (PSDC owns only one share) |
| (34) | Owned 99% by Conway Office Products, LLC (limited partner) and 1% by Global Imaging Systems, Inc. (general partner). |
| (35) | Owned 26.28% by Global Imaging Systems, Inc. and 73.72% by 21 subsidiaries of Global Imaging Systems, Inc. |
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