Shareholders have approved Xerox Corp.’s acquisition of Affiliated Computer Serivces (ACS) Inc. The transaction transforms Xerox into the leading global enterprise for business process and document management, accelerating its growth in an expanding market.
The world’s largest diversified business process outsourcing firm, ACS is a $6.5 billion company with revenue growth of 6 percent and new business signings of $1 billion in annual recurring revenue during its fiscal 2009. It supports client operations in more than 100 countries. Based in Dallas, the company’s 78,000 employees provide a broad array of professional services to world-class commercial and government clients.
“By endorsing this acquisition, ACS shareholders have shown that the time is right to bring our business to the next level of global expansion,” says Lynn Blodgett, president and chief executive officer of ACS. “Xerox gives us the brand recognition, global scale and innovation to strengthen our industry leadership. We’ll now be able to create more opportunities for our clients to simplify the way they conduct their business.”