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Article: Xerox to pay $6.4B in deal to expand tech services
- Article from:
- Deseret News (Salt Lake City)
- Article date:
- September 29, 2009
- Author:
CopyrightCopyright 2009 Deseret News (Salt Lake City). Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK -- Xerox Corp. said Monday it will buy Affiliated
Computer Services Inc. for about $6.4 billion in cash and stock,
joining the expensive race among technology companies to broaden
their offerings.
Xerox said the deal will create a $22 billion business that
combines Xerox's copiers, printers and document management services
with the "business process outsourcing" of Dallas-based ACS.
Outsourcers like ACS take on tasks for other companies, such as
helping to manage payroll or run health care plans.
ACS has nearly 2,000 employees in Utah involved in customer care,
data entry, transaction processing and mailroom activities. About
700 people work in Salt Lake City, about 300 work in ...