Tuesday, September 29, 2009
  ACS kena beli

Kawan aku forward kan...another kampeni service yang kena beli. Dah la Xerox tuh customer kitorg, confirm dia larik nyer la...

Deng....to all my ACS frens, bersabar aja la. Untung nasib korang, better benefits than us.

Xerox to buy ACS for $6.4 bln

WASHINGTON (AFP) - – Xerox Corp. announced Monday it was buying Affiliated Computer Services in a cash-and-stock deal valued at 6.4 billion dollars that gives the US photocopier company a foothold in a new market.

Xerox said it will pay 63.11 dollars per share for the Dallas, Texas-based outsourcing company, a premium of more than 33 percent over ACS's closing price on Friday.

Xerox said the purchase of ACS, the world's largest diversified business process outsourcing firm, will make it the "leading global enterprise for document and business process management."

"By combining Xerox's strengths in document technology with ACS's expertise in managing and automating work processes, we're creating a new class of solution provider," Xerox chief executive Ursula Burns said in a statement.
"Acquiring ACS helps us expand our business and benefit from stronger revenue and earnings growth," she said, calling it a "a game-changer for Xerox."

"The revenue we generate from services will triple from 3.5 billion dollars in 2008 to an estimated 10 billion dollars next year," said Burns, who took over as CEO of Xerox on July 1.

ACS shareholders will receive a total of 18.60 dollars per share in cash plus 4.935 Xerox shares for each ACS share they own.

Norwalk, Connecticut-based Xerox will also assume ACS's debt of two billion dollars and issue 300 million dollars of convertible preferred stock to ACS's Class B shareholders.

"For ACS to expand globally and differentiate our offerings through technology, we need a partner with tremendous brand strength and leading innovation," said ACS president and chief executive Lynn Blodgett.

"Xerox offers that and more to bring our business to the next level while strengthening theirs," Blodgett said.
Barclays Capital analyst Hale Holden said the acquisition came as a surprise.

"The company's prior 'body language' did nothing to suggest that a major transaction was likely/possible and implies to us a possible lack of confidence in core Xerox results," he said.

"Nearly half of the combined company will be the ACS business, and ACS will likely contribute the majority of growth on forward basis," Holden added.

Xerox said ACS will operate as an independent organization and initially will be branded ACS, a Xerox company. It will be led by Blodgett, who will report to Burns.

ACS provides information technology services to a variety of industries ranging from telecommunications, retail and financial services to health care, education and transportation.

Xerox and ACS said business process outsourcing is estimated to be a 150 billion dollar market, growing at a rate of five percent per year.

The acquisition, which will need regulatory approval, is expected to close in the first quarter of 2010.
The Xerox purchase of ACS is the second major deal in the sector in a week.

US computer giant Dell announced last week it is buying computer services firm Perot Systems for 3.9 billion dollars in a move seen as a bid to counter rivals IBM and Hewlett-Packard and expand beyond its core PC business.
ACS shares soared 13.99 percent to 53.86 dollars in New York on Monday while Xerox shares were down 14.38 percent at 7.68 dollars.



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The race of man shall perish, but the eyes
Of trilobytes eternal in stone,
And seem to stare about in mild surprise
At changes greater than they have yet known.
- T.A. Conrad

To see a world in a grain of sand,
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Hold infinity in the palm of your hand,
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excerp from Auguries of Innocence.

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