Xerox’s PARC Gets A New CEO: Tolga Kurtoglu

collect “a different kind of data,” Kurtoglu says.

“That opens up all sorts of new possible algorithms and analytics,” Kurtoglu says.

PARC’s commercial clients range from startups to “well-established market leaders,” he says.

“They come to us when they observe disruption, and feel the need to be present in areas where it’s outside their core business,” Kurtoglu says.

PARC has taken in annual revenue of about $65 million in recent years, Kurtoglu says. He declined to say how that revenue is split between Xerox and outside clients. The research center has about 250 staffers.

Don’t look for a significant change of direction as Kurtoglu takes the helm. “I don’t see the need for that,” he says.

PARC will keep on the same track—working on the transformation of technology from R&D to marketable products.

“What I’m personally motivated by is creating an impact in the real world,” Kurtoglu says.

Image courtesy of Xerox PARC

Author: Bernadette Tansey

Bernadette Tansey is a former editor of Xconomy San Francisco. She has covered information technology, biotechnology, business, law, environment, and government as a Bay area journalist. She has written about edtech, mobile apps, social media startups, and life sciences companies for Xconomy, and tracked the adoption of Web tools by small businesses for CNBC. She was a biotechnology reporter for the business section of the San Francisco Chronicle, where she also wrote about software developers and early commercial companies in nanotechnology and synthetic biology.