ACS Acquires Syan Holdings Limited to Broaden Global IT Capabilities
10/01/2008 00:17
PR Newswire
DALLAS, January 9 /PRNewswire/ --
Affiliated Computer Services, Inc. (NYSE: ACS) today announced that it
has acquired Syan Holdings Limited, a U.K.-based provider of information
technology outsourcing (ITO) services and one of the United Kingdom's largest
IBM Business Partners, for approximately US$60 million (30.5 million pounds
Sterling). Syan's trailing twelve-months revenue was approximately US$75
million. The transaction will be funded entirely with existing cash on hand.
The acquisition strengthens ACS' global ITO presence by adding a solid
base of U.K. operations, including two data centers, and expanding its reach
into the United Kingdom. It also enhances the company's position as a leading
provider of IT solutions to global FORTUNE 1000 clients.
"This acquisition strengthens ACS' end-to-end IT services. Syan's data
center facilities in the United Kingdom, combined with their exceptional
subject matter expertise, will enable ACS to provide clients with multi-scope
IT services on a global scale," said Derrell James, ACS senior managing
director of IT Outsourcing. "Syan's clients will be backed by a FORTUNE 500
company that offers a global delivery model, and ACS will be able to leverage
an impressive suite of ITO services for our global clients who have
operations in the United Kingdom and Europe."
Syan's expertise is the delivery and support of managed services and
technology solutions involving IBM mid-range and Intel servers. Client
services include server hosting and management, applications management,
desktop management, high-availability solutions, and help desk operations.
"The acquisition of Syan by ACS represents a shared commitment to
providing leading-edge technology, innovation, and solution expertise for our
clients around the globe. It increases the breadth and depth of our IT
capabilities and enables us to offer the robust services our clients need,"
said George Djuric, Syan managing director. "With our combined leadership
talents, we have strengthened our ability to deliver proven IT services to
clients in the United Kingdom and around the globe."
The business, which will be rebranded ACS Syan, will continue to be run
by Syan's existing management team.
One of the leading IT outsourcing specialists in the United Kingdom, Syan
has more than 20 years experience and a reputation for successful delivery of
high-quality services. With four U.K. facilities, including two
high-specification data centers in Shropshire, England, Syan provides an
extensive range of services to companies throughout the United Kingdom, with
a particular emphasis on information security to ISO 27001 standards. The
company's outsourcing services include colocation, hosting, server
management, desktop management, call center services, and application
management. For more information about Syan, please visit
http://www.syan.co.uk.
ACS, a global FORTUNE 500 company with 62,000 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." 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 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.
Web site: http://www.acs-inc.com
Investor Relations, Jon Puckett, Vice President, Investor Relations, +1-214-841-8281, jon.puckett@acs-inc.com; or Media, Tom Clary, Director, Corporate Communications, +1-214-841-8110, tom.clary@acs-inc.com, both of Affiliated Computer Services, Inc.