Affiliated Computer Services Announces Renegotiated Outsourcing Contract with Caremark.DALLAS--(BUSINESS WIRE)--March 19, 1996--Affiliated Computer Services Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NM: ACSA ACSA Association of Collegiate Schools of Architecture ACSA Association of California School Administrators ACSA Airports Company South Africa ACSA Apple Certified System Administrator ACSA Australian Curriculum Studies Association ), a leading information technology services company, announced today it has restructured and extended its outsourcing agreement with Caremark Inc., its largest client. The two companies' relationship started in September 1992 when Caremark's Pharmaceutical Services Group (PSG PSG, n polysomnograph; polygraph performed during sleep. Physiological variables such as pulse, blood pressure, and respiration are monitored and charted. ) began outsourcing its DEC data center to ACS (Asynchronous Communications Server) See network access server. . Under that original agreement, ACS also provided an IBM MVS/DB2 platform to support the development and implementation of a new integrated systems environment. The revised long-term agreement calls for ACS to provide an advanced fault tolerant environment with fully redundant power supplies, telecommunications facilities, and RAID-based DASD (Direct Access Storage Device) Pronounced "daz-dee." A peripheral device that is directly addressable, such as a disk or drum. The term is used in the mainframe world. DASD - Direct-Access Storage Device superstrings. Caremark's Pharmaceutical Services Group is the nation's largest independent prescription benefit-management program, servicing millions of Americans through four automated mail service pharmacies and a network of 55,000 retail pharmacies. The new integrated systems platform is a state- of-the-art real time system designed to provide the highest level of customer service to patients and clients. Kris Gibney, corporate vice president, pharmaceutical services, said, "When we established our initial relationship with ACS, PSG had annual revenues totaling $500 million. At the time, the operations and customers were supported were supported by a DEC-based system originally developed in the early 1980s. Today PSG's revenues are in excess of $1.4 billion." Gibney added, "With full implementation of our new system almost complete, it is now time to restructure and extend our partnership with ACS. This agreement allows us to continue to focus on growing our business and enhancing our mission critical system, confident in the knowledge that ACS will provide us the highest quality operating environment possible." Darwin Deason, chairman and chief executive officer of ACS, said, "Over the past three and a half years, Caremark has grown to be our largest client. We are fully aware of the critical role ACS plays in delivering Caremark's products and services and have designed a state-of-the-art processing and telecommunications environment to meet or exceed all of Caremark's requirements for their customers." Caremark International Inc. (NYSE NYSE See: New York Stock Exchange : CK) is a leading provider of comprehensive health care services around the world. The Northbrook, Ill. company provides care to millions of people through physician practice management, pharmaceutical services, disease management and international services, using clinical expertise and advanced technology to improve patient care and manage health care costs. Caremark had 1995 sales of $2.4 billion from continuing operations. With more than 4,600 full-time employees nationwide, ACS provides information technology services, including outsourcing, professional services, electronic funds transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. (EFT), and image management. Headquartered in Dallas, Texas, the Class A common stock of ACS is traded on the NASDAQ National Market System under the symbol ACSA. CONTACT: 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. Corporate Communications, 214/841-8011 or Springbok springbok: see antelope. springbok or springbuck Species of antelope (Antidorcas marsupialis), native to treeless plains of southern Africa, the national emblem of South Africa. It stands about 30 in. Technologies Laura E. Keeton, 214/480-9458 keeton@airmail.net. |
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