Conduent

#7436

Rank

$398.1M

Marketcap

United States

Country

Leadership team

Mr. Clifford A. Skelton (Pres, CEO & Director)

Mr. Stephen Henry Wood (Exec. VP, CFO & Principal Accounting Officer)

Mr. Mark Prout (EVP, Chief Technology & Information Officer)

Products/ Services

Business Development, Information Technology, Security

Number of Employees

Above 50,000

Headquarters

Florham Park, New Jersey, United States

Established

2017

Company Registration

SEC CIK number: 0001677703

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

CNDT

Social Media

URL

https://www.conduent.com

Overview

Location

Recognition and Award

References

Summary

Conduent Incorporated provides business process services with capabilities in transaction-intensive processing, analytics, and automation in the United States, Europe, and internationally. It operates through three segments: Commercial Industries, Government Services, and Transportation. The Commercial Industries segment offers business process services and customized solutions to clients in various industries; and end-user customer experience management, transaction processing services, healthcare and human resource, and learning services. The Government Services segment provides government-centric business process services to the United States federal, state, local, and foreign governments for public assistance, program administration, transaction processing, and payment services; medical management and fiscal agent care management services; and government healthcare, payment solutions, child support, and federal services. The Transportation segment offers systems and support comprising mission-critical mobility and payment solutions to government clients. This segment also provides electronic tolling, urban congestion management, and mileage-based user solutions; transit solutions; citation and permit administration, parking enforcement, and curbside demand management solutions; and computer-aided dispatch/automatic vehicle location solutions. Conduent Incorporated was founded in 2016 and is headquartered in Florham Park, New Jersey.

History

On 5 June 2016, Xerox announced that it would be spinning off its Xerox Business Services division into a wholly separate corporation, for which the name was yet to be determined. The business scope of the new company was generally understood to be essentially identical to that of former business services company Affiliated Computer Services , which Xerox had acquired six years earlier in 2010.On 6 October 2016, having previously announced its intent to separate into two separate companies, Xerox announced the identity of the new business services company as Conduent. It described the company's "coined name" as "inspired by the company's expertise in managing transactional relationships between their clients and their constituents".On 3 January 2017, Conduent formally came into existence following its separation from Xerox. At the end of the first quarter of 2017, Carl Icahn owned 9.7% of the company.In February 2019, Conduent sold some of its customer care contracts to Skyview Capital, which created a new business called Continuum Global Solutions LLC.In February 2020, Conduent announced the appointment of Clifford Skelton to become the Chief Executive Officer. Prior to the appointment, Skelton has been serving as Conduent's interim CEO for seven months. He will continue as a member of Conduent's Board of directors.In May 2021, Conduent settled with the United States Department of Labor to resolve allegations of discrimination in hiring during 2013–2015 under the operation of the previous company, Xerox Commercial Solutions. Conduent agreed to pay $395,000 to 1,624 Black, Asian, Native Hawaiian, and Pacific Islander job applicants.

Mission

Through our dedicated associates, we deliver mission-critical services and solutions on behalf of businesses and governments – creating exceptional outcomes for our clients and the millions of people who count on them. We are one team with one mission and work in an open and inclusive environment to create value for our clients every day.

Vision

Conduent’s vision is to become the leading business services partner for companies and governments.
As a company, we are committed to delivering an open and inclusive work environment by:
• Sourcing top diverse talent
• Developing our employees
• Working with certified diverse suppliers
• Supporting and creating opportunity in the communities that we serve
• Building a culture of high performance and growth

Key Team

Mr. Michael E. Krawitz (Exec. VP, Gen. Counsel & Sec.)

Mr. Patrick Rainey (Chief Admin. Officer)

Giles Goodburn (VP of Corp. FP&A and Investor Relations)

Mr. Rob Houser (Global Head of Strategy & Corp. Devel.)

Ms. Tracy Yelencsics (Chief Marketing Officer)

Mr. Chris Kujawa (Chief HR Officer)

Mr. Rahul Gupta (Global Head of Transportation Product Management)

Recognition and Awards

Conduent won 3 awards in 2022 and 6 awards in 2021. In 2022, Conduent won for Best CEO 2022, Best CEOs for Women 2022 and Best Places to Work in New York 2022. In 2021, Conduent won for Best Company for Diversity 2021, Best Company for Women 2021, Best CEOs for Diversity 2021, Best HR Team 2021, Best Places to Work in New York 2021 and Best Global Culture 2021. Based on 18,103 ratings and 632 participants, employees at Conduent are very satisfied with their work experience. The overall culture score, 77/100 or A, incorporates employee ratings based on their feedback on the Environment, Leadership, Office Culture and more.