Will Xerox’s $6.4 Billion Bet on the Cloud Pay off?

imagesXerox (s xrx), the document management company, said today it will buy Affiliated Computing Systems (s acs) in a cash-and-stock deal valued at $6.4 billion. The combination of the two companies highlights the convergence of corporate documents and the cloud as with the ACS buy, Xerox will now manage not only both paper and digital data, but corporate data centers and other IT services. The trend is clear as hardware vendors look at the large-scale computer outsourcers and see in them a captive audience of customers for their gear, but also a growth opportunity in delivering data and information technology assets via the web. Read More about Will Xerox’s $6.4 Billion Bet on the Cloud Pay off?