Xerox Finalizes Acquisition of ACS
February 8th, 2010 by Ellen ScottXerox has finalized the acquisition of ACS, creating a $22 billion dollar global leader for document management and business process.
According to a Xerox press release, Ursula Burns, the Xerox CEO, said, “With ACS, we take another step forward, expanding our leadership to include business process outsourcing that helps simplify document-driven work.”
Furthermore, she stated, “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, the president and CEO of ACS, also had positive comments regarding the acquisition. “Xerox’s brand recognition, global, presence, and superior innovation give us a powerful competitive position and offers our customers a trusted partner they can rely upon for the back office support that makes their front offices successful.”
Blodgett will now report to Burns, and ACS will start off being branded as ACS, A Xerox Company. Xerox has an incredible opportunity for growth with this acquisition and together the two companies will move forward together with combined services, innovation, and technology.
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