PARC (Palo Alto Research Center Incorporated), formerly Xerox PARC, is a research and development company in Palo Alto, California, with a distinguished reputation for its contributions to information technology and hardware systems. Founded in 1970 as a division of Xerox Corporation, PARC has been in large part responsible for such developments as laser printing, Ethernet, the modern personal computer, graphical user interface (GUI) and desktop paradigm, object-oriented programming, ubiquitous computing, amorphous silicon (a-Si) applications, and advancing very-large-scale integration (VLSI) for semiconductors. Xerox formed Palo Alto Research Center Incorporated as a wholly owned subsidiary in 2002... Xerox remains the company's largest customer (50%). https://en.wikipedia.org/wiki/PARC_(company)
from Tools For Thought: In 1969, Peter Mc Colough, CEO of Xerox Corporation, announced his intention to make Xerox "the architect of information" for the future. To that end, a research organization was assembled in Palo Alto, in the early 1970s. Mc Colough put a man named George Pake in charge. One of the first things Pake did was hire the best long-term computer visionary, research organizer, and people-collector he could find - Bob Taylor.