Xerox Corp. (XRX) announced the completion of its acquisition of Affiliated Computer Services Inc. (ACS), transforming Xerox into the world's leader in business process and document management.
Ursula Burns, Xerox chief executive officer explained, "With ACS, we take another step forward, expanding our leadership to include business process outsourcing that helps simplify document-driven work."
Xerox added that ACS would initially be branded ACS, A Xerox company and will continue to be led by Lynn Blodgett, who has been elected by the Xerox board as an executive vice president of the corporation. Blodgett will report to Burns.
Additionally, the company noted that through a combination of services, technology and innovation, the combined company would pursue a $500 billion market focused on document and process management for businesses and governments.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.