Xerox Acquires Affiliated Computer Services

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transforming into the the business process and document management company...

Xerox Corporation completed its acquisition of Affiliated Computer Services, transforming itself into the the business process and document management company.

ACS is one of the largest 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, Xerox chief executive officer.  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 efficienc

y and effectiveness, giving them the freedom to focus on what matters most:  their real business.

Xeroxs 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, said Lynn Blodgett, president and chief executive officer, ACS.  Were 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.  

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 an executive vice president of the corporation.  Blodgett