ACS, A Xerox Company, Completes Acquisition of ExcellerateHRO, Strengthening Leadership in HR Services

DALLAS--([ BUSINESS WIRE ])--[ Affiliated Computer Services ] (ACS), A [ Xerox ] Company (NYSE: XRX), today announced the completion of its acquisition of [ ExcellerateHRO, LLP ] (EHRO), enhancing its premiere end-to-end human resource services capabilities. ACS announced on May 25 a [ definitive agreement to acquire EHRO ].

"With a shared vision and a results-focused approach combined with Xeroxa�s investment in technology, innovation and expertise our clients can focus on their real business."

With the addition of [ EHRO ], ACS now offers leading capabilities in the four main [ HR services ] disciplines: consulting, benefits administration, HR outsourcing, and learning services. By offering all of these services through one organization, ACSa� clients are able to provide their employees the convenience of accessing and managing all of their benefits through one service provider and all from one location, as ACS seamlessly integrates every aspect of HR and benefits administration.

aBy giving our clients the ability to purchase any HR service from one market-leading company like ACS, we enable our clients to leverage those savings, while offering improved and more convenient services to their employees," said [ Ann Vezina ], executive vice president and group president, ACS [ Human Resource Services ]. aWith a shared vision and a results-focused approach combined with Xeroxa�s investment in technology, [ innovation ] and expertise our clients can focus on their [ real business ].a

HR outsourcing has outpaced other segments of the [ business process outsourcing ] industry, with employers worldwide spending more than $100 billion annually on these services.

The acquisition builds upon Xeroxa�s proven ability through ACS to provide specific solutions to benefits administration needs in every sector. The addition of EHRO establishes ACS as one of the worlda�s largest third-party pension administrators.

EHROa�s leadership team will be integrated into ACSa� HR services capabilities while continuing to focus on expanding ACSa� global footprint through access to new industries and markets with more flexible record keeping platforms.

ACSa� services are provided to more than 5.5 million employees and retirees in more than 80 countries worldwide in 20 languages.

About Xerox

Xerox Corporation is a $22 billion leading global enterprise for business process and [ document management ]. Through its broad portfolio of technology and [ services ], Xerox provides the essential back-office support that clears the way for clients to focus on what they do best: their [ real business ]. Headquartered in Norwalk, Conn., Xerox provides leading-edge document technology, services, software and [ genuine Xerox supplies ] for [ graphic communication ] and [ office printing environments ] of any size. Through ACS, A Xerox Company, which Xerox acquired in February 2010, Xerox also offers extensive [ business process outsourcing ] and [ IT outsourcing services ], including data processing, HR benefits management, finance support, and customer relationship management services for commercial and government organizations worldwide. The 130,000 people of Xerox serve clients in more than 160 countries. For more information, visit [ http://www.xerox.com ], [ http://news.xerox.com ] or [ http://www.acs-inc.com ]. For investor information, visit [ http://www.xerox.com/investor ].

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ACS, A Xerox Company, Completes Acquisition of ExcellerateHRO, Strengthening Leadership in HR Services