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ACS Enhances Competitive Capabilities With Acquisition of Assets of Albion, Inc.


DALLAS, April 26 /PRNewswire-FirstCall/ -- Affiliated Computer Services Affiliated Computer Services (ACS) (NYSE: ACS) is a Fortune 500 company that provides information technology outsourcing as well as business process outsourcing solutions to businesses, government agencies, and non-profit organizations. , Inc. today announced it is enhancing its capabilities in the Health and Human Services Noun 1. Health and Human Services - the United States federal department that administers all federal programs dealing with health and welfare; created in 1979
Department of Health and Human Services, HHS
 (HHS) sector with the completed acquisition of certain assets of Albion, Inc., a company specializing in integrated eligibility software solutions. The purchase price of $25.5 million, subject to certain adjustments, was funded through a combination of cash and borrowings under ACS' existing credit facility. The trailing 12 month revenue of the acquired assets was approximately $25 million.

The acquisition enables ACS to address key HHS challenges facing State and Local government clients, including: expensive legacy systems; a need for cost effectiveness; and a client-centered approach to service delivery. The acquired proprietary @Vantage software addresses these clients' challenges while meeting Federal financial support requirements for a commercial, off-the-shelf (COTS) solution.

"This capability is emerging as a standard for federal financial support among health and human services agencies," said Tom Burlin, Executive Vice President and Chief Operating Officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 of ACS Government Solutions. "Albion's @Vantage solution and our extensive experience in eligibility will provide ACS with a distinct advantage in the growing eligibility services market that will translate into better service for our clients."

The combination of ACS' BPO service offerings with the @Vantage solution enables ACS to offer an end-to-end integrated eligibility offering across multiple HHS programs, including temporary assistance for needy families Temporary Assistance for Needy Families (TANF, often pronounced "TAN-if") is the July 1, 1997, successor to the Aid to Families with Dependent Children program, providing cash assistance to indigent American families with dependent children through the United States Department of , food stamps, and Medicaid and significantly enhances ACS' ability to bid competitively on future state eligibility systems contracts.

Founded in 1994, Albion is headquartered in Atlanta, Georgia, with additional operations in Massachusetts, Minnesota, New Mexico, Tennessee, and Wyoming. Approximately 170 employees will transition to ACS as part of the acquisition.

ACS, a global FORTUNE 500 company with 58,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in  and information technology solutions to world-class commercial and government clients. The Company's Class A common stock trades on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  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 our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.

CONTACT: investors, Jon Puckett, Vice President, Investor Relations, +1-214-841-8281, or jon.puckett@acs-inc.com , or media, Kevin Lightfoot, Vice President, Corporate Communications, +1-214-841-8191, or kevin.lightfoot@acs-inc.com , both of Affiliated Computer Services, Inc.

Web site: http://www.acs-inc.com/
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 26, 2007
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