Xerox Corporation (NYSE: XRX) has completed its acquisition of Affiliated Computer Services, Inc. (NYSE: ACS), making Xerox into the world’s leader in business process and document management.
ACS is the largest diversified business process outsourcing (BPO) firm in the world. The firm specializes 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 efficiency and effectiveness, giving them the freedom to focus on what matters most: their real business.”