digplanet beta 1: Athena
Share digplanet:

Agriculture

Applied sciences

Arts

Belief

Business

Chronology

Culture

Education

Environment

Geography

Health

History

Humanities

Language

Law

Life

Mathematics

Nature

People

Politics

Science

Society

Technology

ACS, A Xerox Company.
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 Increase US$6.52 Billion (FY 2009)[1]
Increase US$686 Million (FY 2009)[1]
Increase US$350 Million (FY 2009)[1]
Total assets Increase US$6.90 Billion (FY 2009)[1]
Total equity Increase US$2.62 Million (FY 2009)[1]
Number of employees
74,000 – (June 2009)[1]
Parent Xerox Corporation
Slogan Expertise in Action
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 and the current CEO is Lynn Blodgett. ACS is ranked at number 341 on the 2010 Fortune 500 list.[2] 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.[3]

On September 28, 2009, Xerox Corporation announced plans to acquire ACS in a $6.4 billion transaction.[4][5] The deal closed on February 8, 2010.[6]

Company history[edit]

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 Corp. (7-Eleven). In 1995 ACS became a public company and divested bank data processing. By FY1996 ACS became the fourth largest commercial outsourcer 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.

SEC Investigation[edit]

In 2006, the Securities and Exchange Commission (SEC) notified ACS that they were conducting an informal investigation into certain stock option grants made by the company from October 1998 through March 2005.[7] This was due to the improper and unethical practice of back-dating stock options to specific low points in the stock value. ACS said the executives improperly backdated the price of options grants during a period from 1994 to 2005. During that time, ACS said the executives deliberately chose days on which ACS's stock took a dip as the effective date for the options, making them more valuable when exercised. Rich, King, and Edwards "used hindsight to select favorable grant dates," ACS said in a statement.[8] CEO Mark King and CFO Warren Edwards, both implicated in the wrongdoing, resigned immediately. The former CEO Jeff Rich retired in the beginning of the year, taking an $18.4 million buyout of his backdated options. The $18.4 million buyout of his backdated options resulted in no bonuses to be handed out to the entire company. Also, Jeff Rich announced his intention to resign in September 2005 because of growing personal problems and the fear of being caught for backdating stock options. He received counsel to resign from his Young Presidents Organization.[9]

References[edit]

External links[edit]


Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Affiliated_Computer_Services — Please support Wikipedia.
This page uses Creative Commons Licensed content from Wikipedia. A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia.
3516 videos foundNext > 

Xerox to Acquire Affiliated Computer Services

Xerox CEO Ursula Burns and ACS President and CEO Lynn Blodgett discuss Xerox's acquisition of Affiliated Computer Services. The purchase of ACS is a game-changing deal for Xerox that ...

Xerox Completes Acquisition of Affiliated Computer Services

Xerox CEO Ursula Burns says that since ACS is the largest diversified business process outsourcing firm in the world, there is more than financial value. Ursula explains that the breadth of...

Xerox CEO on Affiliated Computer Services (ACS) Acquisition

http://www.xerox.com/downloads/usa/en/n/nr_Xerox_Acquisition_ACS_FAQ.pdf Xerox CEO Ursula Burns explains that Xerox's strong history of innovation, combined with ACS' world leadership in...

Xerox Completes Acquisition of Affiliated Computer Services

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 ...

SmartTrend Trading Idea: Affiliated Computer Services (NYSE:ACS) 12/09

See how Affiliated Computer Services (NYSE:ACS) has performed since SmarTrend alerted subscribers to a recent uptrend.

Affiliated Computer Services Fire Montage HD

11/28/2010 Affiliated Computer Sesrvices in Tumwater WA caught fire, this is a video montage that I created using video's taken by Troy Glidden www.youtube.com/user/jarheadglidden A special...

SmarTrend Trading Idea: Affiliated Computer Services (NYSE:ACS) 09/09

See how Affiliated Computer Services (NYSE:ACS) has performed since SmarTrend alerted subscribers to a recent uptrend.

Company Profile: Affiliated Computer Service (NYSE:ACS)

The company provides business process outsourcing (BPO) services for commercial enterprises and government agencies, focusing on markets such as communications, health care, and ...

Cisco ACS 5.3 RADIUS Configuration / Cisco UCS

This video shows the configuration of ACS using RADIUS to configure UCS to authenticate and authorize administrator access.

Xerox ACS Merger, First Year Review And Highlights

Enjoy the highlight video of 2010 Xerox ACS merger, first year accomplishments. Check out our blog for insights and conversations on this and other news from Xerox. http://realbusinessatxerox.blo...

3516 videos foundNext > 

1158 news items

 
Fortune
Tue, 02 Sep 2014 12:30:00 -0700

In a surprising dissent last week, Luis Aguilar broke ranks with three other commissioners over a punishment meted out to the former CEO and CFO of Affiliated Computer Services. Before we read anymore into the case, it's worth revisiting the facts of ...

DisabledVeterans.org

DisabledVeterans.org
Tue, 31 Mar 2015 23:33:13 -0700

Under the Affiliated Computer Services banner, Xerox has provided business systems management services to numerous state and Federal agencies. These services ranged from privatizing social welfare systems like food stamps to processing veterans' ...

TheNewspaper.com

TheNewspaper.com
Wed, 08 Apr 2015 20:00:00 -0700

The suit accuses the seventy cities that use ATS, five that use Xerox (formerly Affiliated Computer Services) and six that use Gatso of unlawful delegation of police powers. It also accuses the vendors of unjust enrichment and of employing deceptive ...
 
Insurance News Net
Thu, 09 Apr 2015 23:27:35 -0700

New board chairman, Tom Burlin , was previously COO of Affiliated Computer Services (ACS), a global Fortune 500 company with 58,000 people supporting client operations reaching more than 100 countries, and provides business process outsourcing and ...
 
Indianapolis Business Journal
Mon, 23 Mar 2015 07:58:37 -0700

The city realized only $339,165 in revenue in 2010 before reaching the 50-year contract with ParkIndy, a public-private partnership the city formed with Dallas-based Affiliated Computer Services. More than 75 percent of meter payments in 2014 were made ...

Business Wire (press release)

Business Wire (press release)
Tue, 07 Apr 2015 05:00:00 -0700

New board chairman, Tom Burlin, was previously COO of Affiliated Computer Services (ACS), Inc., a global FORTUNE 500 company with 58,000 people supporting client operations reaching more than 100 countries, and provides business process ...
 
Dow Jones Bankruptcy & Debt (subscription)
Mon, 06 Apr 2015 04:56:54 -0700

Tom Burlin, a former chief operating officer for information technology company Affiliated Computer Services Inc ., will serve as the company's new chairman. William Winkenwerder Jr., a former U.S. assistant secretary of defense for health affairs ...
 
WhaTech
Fri, 17 Apr 2015 06:18:45 -0700

Some of the key players profiled in this report are Affiliated Computer Services, Inc., Denso Corporation, Agero, Inc., Addco Llc, Lanner Electronics, Inc., Nuance Communications, Inc., Ricardo Plc, Sensys Networks, Inc., Telenav, Inc., Efkon AG and ...
Loading

Oops, we seem to be having trouble contacting Twitter

Support Wikipedia

A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia. Please add your support for Wikipedia!

Searchlight Group

Digplanet also receives support from Searchlight Group. Visit Searchlight