February 24, 2010
by Purchasingb2b Staff
Xerox Corporation has completed its acquisition of Affiliated Computer Services, Inc (ACS), the largest diversified business process outsourcing (BPO) firm in the world.
Xerox CEO Ursula Burns and ACS president and CEO Lynn Blodgett meet with employees following Xerox’s acquisition of ACS. Source: Xerox. Click the image to enlarge.
The deal—which was worth more than US$6 billion—allows Xerox to provide a range of BPO and IT outsourcing services, which include processing one million credit card applications, handling 12 million student loans and providing human resources services to more than 4.4 million employees and retirees annually.
For the time being, ACS will be branded ACS, a Xerox Company. It will continue to be led by president and CEO Lynn Blodgett, who has also been elected by the Xerox board as an executive vice-president of the corporation.
“Xerox’s brand recognition, global presence, and superior innovation give us a powerful competitive position and offers our customers a trusted partner they can rely upon for the back-office support that makes their front offices successful,” Blodgett said.
Blodgett added that the acquisition will allow ACS to enter more global markets and take advantage of Xerox’s proprietary categorization and advanced document imaging software.
Xerox CEO Ursula Burns said the deal also gives her company access to new markets.
“With ACS, we take another step forward, expanding our leadership to include business process outsourcing that helps simplify document-driven work. The new Xerox provides the technology and services to help our customers reach new levels of efficiency and effectiveness, giving them the freedom to focus on what matters most: their real business
Photo courtesy of Xerox.