US-based Xerox said that it has completed the $6.4bn acquisition of Affiliated Computer Services (ACS), a provider of business process and information technology services.
ACS has expertise in automating work processes, providing BPO, IT outsourcing services and HR services. The company said that the combination will create a new $22m global firm for business process and document management.
Xerox said that ACS will initially be branded as ACS, A Xerox Company and will continue to be led by Lynn Blodgett, who has been elected by the Xerox board of directors as an executive vice president. Blodgett will report to Burns, chief executive officer of Xerox.
Ursula Burns, chief executive officer of Xerox, said: For the past 50 years, Xerox has fortified its leadership in document management, creating new markets through our renowned innovation. 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.
Lynn Blodgett, president and chief executive officer of ACS, said: We’re 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 categorisation 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.