DALLAS, Aug. 26 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc., (NYSE: ACS), a premier provider of business process and information technology outsourcing solutions, announced today that it has acquired BlueStar Solutions, Inc., (BlueStar) in a cash transaction for approximately $73 million. BlueStar, with trailing annual revenues of approximately $50 million, is a leading information technology (IT) outsourcing provider specializing in applications management of packaged enterprise resource planning (ERP) and messaging services. While the BlueStar acquisition is expected to be accretive, given its size, ACS does not believe it materially affects its prior financial guidance. BlueStar provides services for more than 120 clients and hosts 60,000 ERP users and 100,000 messaging users located in 80 countries. BlueStar has provided comprehensive applications management for packaged ERP and messaging environments for more than five years, with a variety of additional data center services to complement them. BlueStar currently operates data centers in Phoenix, Arizona, Dallas, Texas, and Columbia, South Carolina, with the potential of transitioning some capabilities to additional ACS data centers in the future. "This acquisition brings to ACS an extremely dedicated staff of subject matter experts in application management and provides significant penetration into the strongly emerging ERP/Messaging market," said Lynn Blodgett, Group President of ACS Commercial Solutions. "BlueStar has an incredible track record serving clients, tremendous technological expertise, and a fantastic client base. All of these qualities made the company a great fit for ACS." Blodgett also said that the range of ERP and messaging-related capabilities created through this acquisition makes ACS the foremost outsourcing provider for this market. Rusty Harris will become Managing Director for ACS' new Application Managed Services division. "The spectrum of services offered through the ACS/BlueStar integration will enable clients seeking packaged ERP outsourcing to significantly reduce IT costs and mitigate risks, while receiving an unparalleled quality of service," he said. "We are very excited to be joining ACS. This is a win-win solution, not only for both companies, but also for clients. ACS' strength and reputation in the IT industry will help us secure more long-term growth. We will leverage each other's capabilities, technology, and expertise to increase our share of the IT outsourcing market." ACS is a leading IT outsourcing provider across numerous industries, currently operating several large mainframe and midrange data centers, managing numerous networks, and administering desktops around the globe. The company is experiencing significant growth in its IT solutions business in spite of increasing market competition. ACS, a Fortune 500 company with more than 43,000 employees supporting client operations in nearly 100 countries, provides business process and information technology outsourcing solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS". ACS makes technology work. Visit ACS on the Internet at http://www.acs-inc.com . The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including the most recent Form 10-K. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
Friday, May 22, 2009
ACS Acquires BlueStar Solutions and Expands IT Outsourcing Capabilities in the ERP Market
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment