The second company to be established later this year when Xerox splits will be called 'Conduent.'
The declaration of the new business process outsourcing organization was announced Thursday morning.
In January this year Xerox announced it would split into two publicly traded companies later in 2016.
Xerox will stay as the original company name and work as a document technology company that handles document management as it has been.
Conduent will become a business process outsourcer that will assist companies with automating and simplifying business processes.
"Conduent will begin its next chapter as a standalone company with a name that conveys the vital business we conduct every day," said Chairman and CEO Ursula Burns.
This week, Xerox said that Ashok Vemuri will be the CEO of the Conduent . There was no announcement regarding who will lead the Document Technology.
With roughly $7 billion in 2015 revenue and 96,000 employees worldwide, Conduent will be a Fortune 500 scale business process services company.
Xerox is headquartered in Norwalk, Connecticut (moved from Stamford, Connecticut in October 2007), though its largest population of employees is based around Rochester, New York, the area in which the company was established.