DALLAS, May 14 /PRNewswire-FirstCall/ -- Building solutions that meet industry-specific needs and leveraging these solutions across many clients is key to Affiliated Computer Services, Inc.'s growth strategy, company leadership told attendees of the company's second annual industry analyst and adviser meeting.
President and CEO Lynn Blodgett told analysts and industry advisers from leading firms that ACS will add to its industry experience and use its business process expertise to drive operational improvements for enterprises and governments around the world.
"Our people represent a professional culture that encourages them to be operations partners to our clients. We derive our expertise from years in the industry, building business process solutions, applying innovation to practical business situations and delivering results," said Blodgett. "Our global delivery model is flexible and responsive enough to accommodate all types of clients, regardless of their unique, industry-specific characteristics."
He said the company will also continue to pursue acquisitions that expand ACS' global presence or add new capabilities for the industries ACS serves.
"Our growth comes from winning new customers and 'radiating' services within each existing customer," said Blodgett. "Completing successful acquisitions is a core competency within ACS. We also grow in capability and size through targeted acquisitions.
"As we had said for many years, 'ACS is a good company in good times and a great company in bad times'," said Blodgett. "The current economic climate will continue to motivate enterprises and government entities to make difficult decisions with their limited resources. The challenge will continue to be to find efficiencies that take advantage of technology and innovation."
Peter Allen, Partner and Managing Director, TPI said after the meeting that ACS is positioning itself to compete for future market share.
"ACS has made some significant strategic choices -- and it's opting for uniting technology and operations for industry-specific solutions delivered as managed services," said Allen. "Avoiding the temptation to chase a labor arbitrage proposition, it is balancing cost, capability and capacity for its industry solutions."
Strategic Areas of Focus
Tom Burlin, executive vice president and chief operating officer, explained how the company's "go-to-market" strategy relies on targeted industry and business process solutions.
"As we continue to roll out our industry and business process solutions, we want to focus on how to best leverage our best practices in governance and technology architecture across multiple clients," said Burlin. "We are building multiple business process platforms which will offer more flexible, modular and cost-effective options for our clients."
He said a key component to this approach is balancing the advantages of standardized services with clients' real-world need for customized solutions.
"This strategy is a smart use of new technology and a smart use of our global delivery model using proven practices," said Burlin. "This builds upon our legacy of customer intimacy which has become a hallmark of ACS since it began operations 20 years ago."
The cross-industry business process solutions include: information technology, human capital management, finance and accounting, customer care, transaction processing and payment services. These offerings intersect with key industry verticals for ACS, including: healthcare, transportation, financial services, consumer goods and retail, public sector, manufacturing, telecommunications and incubator and strategic accounts.
ACS, a global FORTUNE 500 company with 63,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing 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 under the symbol "ACS." Learn more about ACS 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 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.
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