DALLAS, March 18 /PRNewswire/ --
Affiliated Computer Services, Inc. (NYSE: ACS) today announced that it has completed its acquisition of sds business services GmbH. The company purchased sds from Waterland Private Equity Investments (Waterland) and funded the transaction with cash on hand.
Based in Mulheim an der Ruhr, Germany, sds will enhance ACS' global information technology capabilities in Germany and Europe with its expertise in data center and infrastructure services and application-related solutions.
"The addition of sds' employees and their expertise is an ideal fit for ACS and our clients," said Derrell James, ACS senior managing director of IT Outsourcing. "Their business model aligns with our client philosophy and enables ACS to continue our expansion in Europe and abroad."
Founded in 1969, sds specializes in fully outsourced data center and infrastructure services, including application hosting and maintenance, system design and integration, IT consulting, and IT lifecycle management. Additionally, it has broad expertise in SAP consulting and integration services, as well as customized software development. Over time, ACS will integrate its full suite of ITO service offerings into the sds portfolio for delivery to its global clientele.
Waterland Private Equity Investments is an independent private equity firm operating in The Netherlands, Belgium, and Germany, with euro 620 million in funds under management. Waterland focuses on consolidation strategies, investing in fragmented growth markets in the services sector that are undergoing transformation as a consequence of one or more of the following trends: outsourcing & efficiency, aging population, and leisure and luxury. Waterland's portfolio includes a.o. Fa-Med (market leader in medical A/R management in The Netherlands), Senior Living Group (market leader for private retirement and nursing homes in Belgium), and Loewen Play (games arcade operator in Germany). Waterland operates from offices in Bussum (The Netherlands), Antwerp (Belgium), and Dusseldorf (Germany).
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." Learn more about ACS at 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 Contact, Jon Puckett, Vice President, Investor Relations, +1-214-841-8281, firstname.lastname@example.org; Media Contact, Tom Clary, Director, Corporate Communications, +1-214-841-8110, email@example.com, both of Affiliated Computer Services, Inc.