Affiliated Computer Services Competitors 1. Affiliated Computer Services Signals. Growth Rate 0. Weekly Growth 0. Size Multiple x Median. Key Data Points Twitter Followers 5. Similarweb Unique Visitors Majestic Referring Domains Affiliated Computer Services Subsidiaries 2.
Affiliated Computer Services Exits 5. Contact Us info pitchbook. Terms of Use Privacy Policy. Enterprise Systems Healthcare. Education and Training Services B2B. Mississauga, Canada. Deason, 58 years old and the largest individual shareholder in ACS, remained as chairman and planned to remain active in the company until he turned About one-third of the company's revenue came from government clients. The new BPO division consolidated a variety of outsourcing services, such as processing insurance claims, a task that was accomplished in part by 3, employees working in Guatemala and Mexico.
The acquisition enabled ACS to compete better with other service providers for state government contracts to help them manage and administer their Medicaid and welfare programs and combat fraud and abuse. The acquisition added more than employees and strengthened ACS's position in the government healthcare services market, bolstering its ranking as a top systems integrator in the government information technology IT field.
ACS also sold off its ATM unit at the end of fiscal , saying that it could no longer compete in that market. The unit was acquired by Genpass Inc. Since its inception in , ACS had completed more than 50 acquisitions through the end of fiscal To help ACS pursue acquisitions of IT and business process outsourcing companies, it hired merger and acquisition specialist Bill Deckelman as general counsel and executive vice-president in March The acquisition enhanced ACS's powerful market position in the government sector and made it the largest provider of local government IT solutions.
IMS specialized in providing a range of processing services to state and local governments, including child support payments collection, operation of welfare-to-work programs, and processing traffic violations.
AFSA had more than 3, employees and was the largest education services company in the United States, servicing 8.
By the end of fiscal ACS was hiring new employees at the rate of a month. During fiscal ACS adopted an annual goal of increasing cash flow by 10 percent through internal growth and 10 percent through acquisitions.
It planned to seek out only one to three significantly large contracts a year. As part of the deal, ACS acquired parts of Motorola's human resources division, including employees in 27 countries. ACS became a member of the Fortune in , ranked th. About two-thirds of the company's revenue came from BPO services. The company opened its first foreign facility in in Mexico. Approximately 25 to 30 percent of the company's workforce of 40, employees worked outside the United States in , including 5, employees in Mexico, 2, in Guatemala, and 1, in Ghana, among other locations.
Perhaps signaling a new direction for ACS, the company agreed in August to sell the majority of its federal government business to Lockheed Martin Corporation. Repayment Options. Table of Contents Expand. Table of Contents.
What Is Conduent? ACS Investigations and Fines. A personal finance journalist for nearly a decade, she covers consumer credit in addition to her specialization in education debt and financing. She holds a B. Learn about our editorial policies. Reviewed by Marguerita Cheng.
Article Reviewed March 21, Learn about our Financial Review Board. Fact checked by Vikki Velasquez. Article Fact Checked May 10, The CFPB ordered the company to correct unfair loan servicing practices by adjusting principal balances and repaying affected borrowers. If you had your student loans serviced through Conduent, contact your lending institution or look up your loan information on the Federal Student Aid website to understand where your loans have been transferred.
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