Xerox is a document management technology and services company founded in 1906 as The Haloid Company. It produced the first plain paper copier in 1959 and changed its name to Xerox Corporation in 1961. While it struggled with declining sales, lack of innovation, and lawsuits in the late 1990s and early 2000s, it has since appointed a new CEO, cut 20,000 jobs, and focuses on research and development, producing office products and equipment, and providing consulting and document outsourcing services globally. Its mission is to help customers improve work processes and business results through leading document technologies, products, and services.