Xerox Corp. said Monday it has finalized its purchase of Affiliated Computer Services Inc., which has a large work force in Utah and whose CEO is a resident.
Lynn Blodgett will continue to lead ACS, which will be known as ACS, a Xerox Company. Blodgett lives in the Salt Lake Valley and commutes when working at ACS headquarters in Dallas.
Xerox said ACS is the world's largest company that manages computer operations for other corporations and governmental entities, including data processing, human resources management, finance support and customer relationships.
The global firm employs 74,000 workers in 500 centers in more than 100 countries, with 2,100 employees in Utah -- in Salt Lake City, Draper and Sandy.
Xerox, which said the company's shareholders approved the deal Friday, reiterated it does not expect the deal to have a direct impact on Utah-based employees.
Blodgett has been elected by the Xerox board of directors and is an executive vice president of the company. He will report to Ursula Burns, Xerox CEO.
The deal, announced in September, was valued at $6.4 billion in cash and stock. At the time, Xerox and Blodgett touted it as a blending of Xerox's technology -- imaging software and hardware such as copy machines, printers and scanners -- with ACS' business services.
"With ACS, we take another step forward, expanding our leadership to include business-process outsourcing that helps simplify document-driven work," Burns said in a news release.
Angele Boyd, a Xerox group vice president and general manager, said the deal allows the company to become less focused on printed documents and more on computer-systems management and back-office processing.
ACS showed a profit of $350 million in its last fiscal year, Xerox $485 million.
