Affiliated Computer Services
 |
|
| Subsidiary | |
| Industry | Information Technology Services |
| Founded | 1988 |
| Founder | Darwin Deason |
| Headquarters | Dallas, Texas, USA |
|
Area served
|
Worldwide |
|
Key people
|
Darwin Deason (Chairman of the Board) Lynn R. Blodgett (President), (CEO) & (Director) |
| Products | Service Provider, ITO/BPO Outsourcing |
| Revenue |
 US$6.52 Billion (FY 2009)
|
|
US$686 Million (FY 2009)
|
|
|
US$350 Million (FY 2009)
|
|
| Total assets |
US$6.90 Billion (FY 2009)
|
| Total equity |
US$2.62 Billion (FY 2009)
|
|
Number of employees
|
74,000 – (June 2009) |
| Parent | Xerox Corporation |
| Website | ACS-Inc.com |
Affiliated Computer Services Inc. (ACS) provides information technology services as well as business process outsourcing solutions to businesses, government agencies, and non-profit organizations. ACS is based in Dallas, Texas. ACS was ranked at number 341 on the 2010 Fortune 500 list. Founded in 1988, by Darwin Deason, ACS now operates in nearly 100 countries, generating over $6 billion annually. As of September 2009, ACS employs approximately 74,000 people.
On September 28, 2009, Xerox Corporation announced plans to acquire ACS in a $6.4 billion transaction. The deal closed on February 8, 2010.
Affiliated Computer Services, Inc. (ACS) was founded by Darwin Deason in 1988. Initially created as a data services provider to the financial services industry, Deason led ACS’ expansion into the communications, education, financial services, government, healthcare, insurance, manufacturing, retail, and travel and transportation industries.
ACS expanded beyond banking BPO services when it signed a 10-year data processing outsourcing contract with Southland Corporation. (7-Eleven). In 1995 ACS became a public company and divested bank data processing. By FY 1996 ACS became the fourth largest commercial outsource provider in the U.S. Currently, ACS is best known for its Transportation Solutions Group (TSG), which supports transportation services including electronic toll collection, management of cities’ parking systems, and photo traffic enforcement.
In 2009, ACS ranked #401 on the FORTUNE 500 list and employs about 74,000 people around the world who serve thousands of commercial and government clients.
In February 2010, following its acquisition by Xerox, ACS was replaced by Urban Outfitters on the Standard & Poor 500 Index.
On July 29, 2016 the US District Court for the Southern District of New York dismissed the lawsuit pursued by Matthew Sciabacucchi. The lawsuit contended that some Xerox Corp directors and officers had abrogated their fiduciary duties in connection with the company's $6.4 billion acquisition of ACS in 2010.
July 1, 2015 Xerox sold the IT Outsourcing business to Atos. Xerox indicated that ITO did not line up with its vision of integration of BPO (business process outsourcing) and the legacy document handling concerns.
...
Wikipedia