Xerox completes acquisition of Affiliated Computer Services

href="http://dqchannels.ciol.com/content/reselleralert/109100103.asp">Xerox
Corporation
completed its acquisition of Affiliated Computer Services (ACS),
transforming Xerox into business process and document management
company.

ACS is a diversified
business process outsourcing (BPO) firm in the world. Its expertise
is in automating work processes and providing BPO and IT outsourcing
services that range from processing over 1 million credit card
applications and 12 million student loans each year to providing HR
services for more than 4.4 million employees and retirees annually.

“For the past 50 years,
Xerox has fortified its leadership in document management, creating
new markets through our renowned innovation,” said Ursula M Burns,
CEO, Xerox. “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 the
most, their real business,” he added.

“Xerox's brand
recognition, global presence, and superior innovation gives 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,” said Lynn Blodgett, President and
CEO, ACS. “We are quickly taking full advantage of becoming part of
Xerox with plans to expand our business to more global markets this
year. And, through its proprietary categorization and advanced
document imaging software, Xerox technology will help us
differentiate our offerings by providing faster, more automated ways
to manage our clients' business processes,” he added.

ACS will initially be
branded ACS, a Xerox Company. It will continue to be led by Lynn
Blodgett, who has been elected by the Xerox Board of Directors as the
Executive VP of the corporation.

“The breadth of ACS'
offerings, from HR benefits management and IT support to automated
toll collection and electronic health records, is a significant
competitive advantage and one we will continue to leverage through
investments, innovations and global expansion,” added Burns.

“Xerox is working
aggressively towards becoming more focused on information management
and business processes and less reliant on printed documents,” said
Angele Boyd, Group VP and

GM-Document Solutions, IDC. “With
this acquisition, Xerox becomes a significant player, and has an
opportunity for growth, in the growing business process outsourcing
market,” he added

Through a combination of
services, technology and innovation, the combined company will pursue
a $500 billion market focused on document and process management for
businesses and governments.