“Affiliated Computer Services”的意思、由来-开放百科全书

Affiliated Computer Services, Inc. (ACS) was founded by Darwin Deason in 1988. Initially created as a data services provider to the financial services industry, Deason led ACS’s expansion into the communications, education, financial services, government, healthcare, insurance, manufacturing, retail, and travel and transportation industries.

ACS expanded beyond banking BPO services when it signed a 10-year data processing outsourcing contract with Southland Corporation (7-Eleven). In 1995 ACS became a public company and divested bank data processing. By FY 1996 ACS became the fourth largest commercial outsource provider in the U.S. More recently, ACS was best known for its Transportation Solutions Group (TSG), which supported transportation services including electronic toll collection, management of cities’ parking systems, and photo traffic enforcement.

In 2009, ACS ranked #401 on the FORTUNE 500 list and employed about 74,000 people around the world who served thousands of commercial and government clients.

In February 2010, following its acquisition by Xerox, ACS was replaced by Urban Outfitters on the Standard & Poor 500 Index.^[7]

On July 29, 2016 the US District Court for the Southern District of New York dismissed the lawsuit pursued by Matthew Sciabacucchi. The lawsuit contended that some Xerox Corp directors and officers had abrogated their fiduciary duties in connection with the company's $6.4 billion acquisition of ACS in 2010.^[8]

July 1, 2015, Xerox sold the IT Outsourcing business to Atos.^[9] Xerox indicated that ITO did not line up with its vision of integration of BPO (business process outsourcing) and the legacy document handling concerns.

On January 3, 2017, a company called Conduent was spun off as a divestiture from Xerox. The business scope of Conduent was generally understood to be essentially identical to that of the former Affiliated Computer Services (ACS).^[10]^[11]

SEC Investigation

In 2006, the U.S. Securities and Exchange Commission (SEC) notified ACS that they were conducting an informal investigation into certain stock option grants made by the company from October 1998 through March 2005.^[12] This was due to the improper and unethical practice of back-dating stock options to specific low points in the stock value. ACS said the executives improperly backdated the price of options grants during a period from 1994 to 2005. During that time, ACS said the executives deliberately chose days on which ACS's stock took a dip as the effective date for the options, making them more valuable when exercised. Rich, King, and Edwards "used hindsight to select favorable grant dates," ACS said in a statement.^[13] CEO Mark King and CFO Warren Edwards, both implicated in the wrongdoing, resigned immediately. The former CEO Jeff Rich retired in the beginning of the year, taking an $18.4 million buyout of his backdated options. The $18.4 million buyout of his backdated options resulted in no bonuses to be handed out to the entire company. Also, Jeff Rich announced his intention to resign in September 2005 because of growing personal problems and the fear of being caught for backdating stock options.^[citation?] He received counsel to resign from his Young Presidents Organization.^[14]

References

1. ^¹²³⁴⁵{{cite web|url=http://pdf.secdatabase.com/2836/0000950123-09-038714.pdf |title=ACS, Form 10-K, Annual Report, Filing Date Aug 27, 2009 |publisher=secdatabase.com |accessdate =Dec 31, 2012}}
2. ^{{cite web |url=http://money.cnn.com/magazines/fortune/fortune500/2010/full_list/301_400.html |title=Fortune 500 2010 |publisher=CNN Money |accessdate=31 August 2010| archiveurl= https://web.archive.org/web/20100904061329/http://money.cnn.com/magazines/fortune/fortune500/2010/full_list/301_400.html| archivedate= 4 September 2010 | deadurl= no}}
3. ^{{cite web|url=http://www.acs-inc.com/pages_exp.aspx?id=512 |title=ACS History and Timeline – The Beginning Through Recent Growth |publisher=ACS, Inc. |accessdate=31 August 2010 |deadurl=yes |archiveurl=https://web.archive.org/web/20100203041919/http://www.acs-inc.com/pages_exp.aspx?id=512 |archivedate=3 February 2010 |df= }}
4. ^{{cite web|url=http://edgar.secdatabase.com/1491/95015709000670/filing-main.htm |title=ACS, Form 425, Filing Date Sep 30, 2009 |publisher=secdatabase.com |accessdate =Dec 31, 2012}}
5. ^{{cite web|url=http://edgar.secdatabase.com/1479/95015709000658/filing-main.htm |title=ACS, Form 8-K, Current Report, Filing Date Sep 29, 2009 |publisher=secdatabase.com |accessdate =Dec 31, 2012}}
6. ^"Xerox Completes ACS Acquisition" {{webarchive |url=https://web.archive.org/web/20101010002853/http://news.xerox.com/pr/xerox/NR_2010Feb8_Xerox_Completes_ACS_Acquisition.aspx |date=October 10, 2010 }}, Xerox Corporation, February 8, 2010
7. ^{{cite web|title=Urban OUtfitters Being Added to S&P 500 Index|url=http://disciplinedinvesting.blogspot.com.au/2010_01_01_archive.html|publisher=Horan Capital Advisors|accessdate=8 August 2016|date=29 January 2010}}
8. ^{{cite web|last1=Greene|first1=Michael|title=Xerox Dodges Investor Claims Over $6.4B Merger|url=http://www.bna.com/xerox-dodges-investor-n73014445698/|publisher=Bloomberg BNA|accessdate=8 August 2016|date=2 August 2016}}
9. ^{{Cite web|url=http://www.channelregister.co.uk/2015/07/02/atos_xerox_ito_buy/|title=Atos buys up Xerox ITO, splashing almost $1 billion in process • The Channel|website=www.channelregister.co.uk|access-date=2016-08-10}}
10. ^Burke, Patrick (2016-07-13). Burke: Xerox spinoff Conduent a likely takeover target. Democrat and Chronicle, 13 July 2016. Retrieved from http://www.democratandchronicle.com/story/money/columnist/burke/2016/07/13/xerox-conduent-carl-icahn-takeover/87026628/.
11. ^Farrell, Maureen (2016-01-29). Xerox and ACS: A Troubled Deal from the Start. WSJ, 29 January 2016. Retrieved from https://blogs.wsj.com/moneybeat/2016/01/29/xerox-and-acs-a-troubled-deal-from-the-start/.
12. ^https://www.sec.gov/Archives/edgar/data/2135/000129993306001469/htm_10732.htm
13. ^http://www.informationweek.com/news/global-cio/outsourcing/showArticle.jhtml?articleID=196500185{{dead link|date=June 2017 |bot=InternetArchiveBot |fix-attempted=yes }}
14. ^http://www.pomtalk.com/pomtalk/2006/11/acs_finally_end.html{{dead link|date=October 2016 |bot=InternetArchiveBot |fix-attempted=yes }}

词条	Affiliated Computer Services
释义	Company history SEC Investigation References External links {{Primary sources\|date=October 2009}}{{Infobox company \|name =ACS, A Xerox Company. \|logo =ACS Xerox Logo.png \|logo_size =167px \|type =Subsidiary \|foundation =1988 \|founder =Darwin Deason \|area_served =Worldwide \|location =Dallas, Texas, USA \|key_people=Darwin Deason (Chairman of the Board) Lynn R. Blodgett (President), (CEO) & (Director) \|num_employees = 74,000 – (June 2009)^[1] \|revenue={{profit}} US$6.52 Billion (FY 2009)^[1] \|operating_income = {{profit}} US$686 Million (FY 2009)^[1] \|net_income = {{profit}} US$350 Million (FY 2009)^[1] \|assets={{increase}} US$6.90 Billion (FY 2009)^[1] \|equity = {{increase}} US$2.62 Billion (FY 2009)^[1] \|industry =Information Technology Services \|products =Service Provider, ITO/BPO Outsourcing \|parent =Xerox Corporation \|homepage =ACS-Inc.com }}Affiliated Computer Services Inc. (ACS) was a company that provided information technology services as well as business process outsourcing solutions to businesses, government agencies, and non-profit organizations. ACS was based in Dallas, Texas. ACS was ranked at number 341 on the 2010 Fortune 500 list.^[2] Founded in 1988, by Darwin Deason, ACS operated in nearly 100 countries, generating over $6 billion annually. As of September 2009, ACS employed approximately 74,000 people.^[3] On September 28, 2009, Xerox Corporation announced plans to acquire ACS in a $6.4 billion transaction.^[4]^[5] The deal closed on February 8, 2010.^[6] Company history Affiliated Computer Services, Inc. (ACS) was founded by Darwin Deason in 1988. Initially created as a data services provider to the financial services industry, Deason led ACS’s expansion into the communications, education, financial services, government, healthcare, insurance, manufacturing, retail, and travel and transportation industries. ACS expanded beyond banking BPO services when it signed a 10-year data processing outsourcing contract with Southland Corporation (7-Eleven). In 1995 ACS became a public company and divested bank data processing. By FY 1996 ACS became the fourth largest commercial outsource provider in the U.S. More recently, ACS was best known for its Transportation Solutions Group (TSG), which supported transportation services including electronic toll collection, management of cities’ parking systems, and photo traffic enforcement. In 2009, ACS ranked #401 on the FORTUNE 500 list and employed about 74,000 people around the world who served thousands of commercial and government clients. In February 2010, following its acquisition by Xerox, ACS was replaced by Urban Outfitters on the Standard & Poor 500 Index.^[7] On July 29, 2016 the US District Court for the Southern District of New York dismissed the lawsuit pursued by Matthew Sciabacucchi. The lawsuit contended that some Xerox Corp directors and officers had abrogated their fiduciary duties in connection with the company's $6.4 billion acquisition of ACS in 2010.^[8] July 1, 2015, Xerox sold the IT Outsourcing business to Atos.^[9] Xerox indicated that ITO did not line up with its vision of integration of BPO (business process outsourcing) and the legacy document handling concerns. On January 3, 2017, a company called Conduent was spun off as a divestiture from Xerox. The business scope of Conduent was generally understood to be essentially identical to that of the former Affiliated Computer Services (ACS).^[10]^[11] SEC Investigation In 2006, the U.S. Securities and Exchange Commission (SEC) notified ACS that they were conducting an informal investigation into certain stock option grants made by the company from October 1998 through March 2005.^[12] This was due to the improper and unethical practice of back-dating stock options to specific low points in the stock value. ACS said the executives improperly backdated the price of options grants during a period from 1994 to 2005. During that time, ACS said the executives deliberately chose days on which ACS's stock took a dip as the effective date for the options, making them more valuable when exercised. Rich, King, and Edwards "used hindsight to select favorable grant dates," ACS said in a statement.^[13] CEO Mark King and CFO Warren Edwards, both implicated in the wrongdoing, resigned immediately. The former CEO Jeff Rich retired in the beginning of the year, taking an $18.4 million buyout of his backdated options. The $18.4 million buyout of his backdated options resulted in no bonuses to be handed out to the entire company. Also, Jeff Rich announced his intention to resign in September 2005 because of growing personal problems and the fear of being caught for backdating stock options.^[citation?] He received counsel to resign from his Young Presidents Organization.^[14] References 1. ^¹²³⁴⁵{{cite web\|url=http://pdf.secdatabase.com/2836/0000950123-09-038714.pdf \|title=ACS, Form 10-K, Annual Report, Filing Date Aug 27, 2009 \|publisher=secdatabase.com \|accessdate =Dec 31, 2012}} 2. ^{{cite web \|url=http://money.cnn.com/magazines/fortune/fortune500/2010/full_list/301_400.html \|title=Fortune 500 2010 \|publisher=CNN Money \|accessdate=31 August 2010\| archiveurl= https://web.archive.org/web/20100904061329/http://money.cnn.com/magazines/fortune/fortune500/2010/full_list/301_400.html\| archivedate= 4 September 2010 \| deadurl= no}} 3. ^{{cite web\|url=http://www.acs-inc.com/pages_exp.aspx?id=512 \|title=ACS History and Timeline – The Beginning Through Recent Growth \|publisher=ACS, Inc. \|accessdate=31 August 2010 \|deadurl=yes \|archiveurl=https://web.archive.org/web/20100203041919/http://www.acs-inc.com/pages_exp.aspx?id=512 \|archivedate=3 February 2010 \|df= }} 4. ^{{cite web\|url=http://edgar.secdatabase.com/1491/95015709000670/filing-main.htm \|title=ACS, Form 425, Filing Date Sep 30, 2009 \|publisher=secdatabase.com \|accessdate =Dec 31, 2012}} 5. ^{{cite web\|url=http://edgar.secdatabase.com/1479/95015709000658/filing-main.htm \|title=ACS, Form 8-K, Current Report, Filing Date Sep 29, 2009 \|publisher=secdatabase.com \|accessdate =Dec 31, 2012}} 6. ^"Xerox Completes ACS Acquisition" {{webarchive \|url=https://web.archive.org/web/20101010002853/http://news.xerox.com/pr/xerox/NR_2010Feb8_Xerox_Completes_ACS_Acquisition.aspx \|date=October 10, 2010 }}, Xerox Corporation, February 8, 2010 7. ^{{cite web\|title=Urban OUtfitters Being Added to S&P 500 Index\|url=http://disciplinedinvesting.blogspot.com.au/2010_01_01_archive.html\|publisher=Horan Capital Advisors\|accessdate=8 August 2016\|date=29 January 2010}} 8. ^{{cite web\|last1=Greene\|first1=Michael\|title=Xerox Dodges Investor Claims Over $6.4B Merger\|url=http://www.bna.com/xerox-dodges-investor-n73014445698/\|publisher=Bloomberg BNA\|accessdate=8 August 2016\|date=2 August 2016}} 9. ^{{Cite web\|url=http://www.channelregister.co.uk/2015/07/02/atos_xerox_ito_buy/\|title=Atos buys up Xerox ITO, splashing almost $1 billion in process • The Channel\|website=www.channelregister.co.uk\|access-date=2016-08-10}} 10. ^Burke, Patrick (2016-07-13). Burke: Xerox spinoff Conduent a likely takeover target. Democrat and Chronicle, 13 July 2016. Retrieved from http://www.democratandchronicle.com/story/money/columnist/burke/2016/07/13/xerox-conduent-carl-icahn-takeover/87026628/. 11. ^Farrell, Maureen (2016-01-29). Xerox and ACS: A Troubled Deal from the Start. WSJ, 29 January 2016. Retrieved from https://blogs.wsj.com/moneybeat/2016/01/29/xerox-and-acs-a-troubled-deal-from-the-start/. 12. ^https://www.sec.gov/Archives/edgar/data/2135/000129993306001469/htm_10732.htm 13. ^http://www.informationweek.com/news/global-cio/outsourcing/showArticle.jhtml?articleID=196500185{{dead link\|date=June 2017 \|bot=InternetArchiveBot \|fix-attempted=yes }} 14. ^http://www.pomtalk.com/pomtalk/2006/11/acs_finally_end.html{{dead link\|date=October 2016 \|bot=InternetArchiveBot \|fix-attempted=yes }} External links {{Portal\|Dallas-Fort Worth\|Companies}} ACS Official Website ACS Historical SEC Filings 11 : Xerox\|International information technology consulting firms\|Business services companies established in 1988\|Business process outsourcing companies of the United States\|Companies based in Dallas\|1988 establishments in the United States\|Lockheed Martin\|Pharmacy benefit management companies based in the United States\|Health care companies based in Texas\|2010 mergers and acquisitions\|Companies formerly listed on the New York Stock Exchange
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Company history

SEC Investigation

References

External links