Fuji Xerox will launch a new cloud storage service that hooks directly into its multifunction copiers next week, allowing documents to be uploaded by scan or fax, then edited or downloaded by computer or phone.

Japanese printing giant Fuji Xerox has bought out Australian managed printing services company Upstream Print Solutions for an undisclosed sum.

After a glacially slow start to 2009 in the mergers and acquisitions market, tech companies started buying again in the second half of the year and analysts expect the resurgence in takeover activity to continue in 2010.

Indian outsourcer HCL Technologies is to offer data center services to Xerox under a six-year contract.