ACS Renews Retirement Plan Outsourcing Contract with Allied Waste
March 07 2007 - 7:15AM
PR Newswire (US)
DALLAS, March 7 /PRNewswire-FirstCall/ -- Affiliated Computer
Services, Inc. (NYSE:ACS), a premier provider of business process
outsourcing and information technology solutions, announced today
that it has been awarded a five-year renewal of its retirement plan
outsourcing contract with Allied Waste Industries, Inc., a leading
provider of waste services. Financial terms were not disclosed. ACS
has been administering retirement benefits for Allied Waste's
employees since 1998. Services include record keeping,
administration, benefit calculations, actuarial services, and call
center support for Allied Waste's 26,000 retirement plan
participants. The renewal highlights ACS' proven strength in
large-scale benefits administration, part of its broad range of
human resources outsourcing (HRO) solutions. "ACS has assisted our
employees through the complex issues surrounding retirement and
savings plans," said Donna Marquette, Director of Employee Benefits
with Allied Waste. "Their experts have crafted an integrated
solution that benefits our employees." "ACS' contract renewal and
expansion rates are exceptionally high because of our commitment to
creating innovative, scalable solutions that save our clients time
and maximize cost efficiency," said Ann Vezina, ACS Executive Vice
President and Chief Operating Officer - Commercial. "Similarly,
Allied Waste is an industry leader that has built its success upon
innovation and strong service. ACS will continue to exemplify these
shared values as we administer Allied Waste's retirement benefits."
ACS offers a full range of integrated, end-to-end HRO services, and
is renowned for its pioneering initiatives that have opened a
complete spectrum of customized solutions to large-scale clients
around the world. ACS provides HRO services for more than three
million people around the globe, delivering services from more than
80 global locations supporting client operations in more than 60
countries and supporting 20 languages. ACS' comprehensive suite of
HRO capabilities includes total benefits outsourcing -- complete
employee services and benefits administration -- as well as
strategy and consulting to engineer and improve HR operations and
services. Allied Waste Industries, Inc., a leading waste services
company, provides collection, recycling, and disposal services to
residential, commercial, and industrial customers in the United
States. The company operates a network of 299 collection companies,
161 transfer stations, 169 active landfills, and 56 recycling
facilities in 37 states and Puerto Rico. Learn more about Allied
Waste at http://www.alliedwaste.com/. ACS, a global FORTUNE 500
company with 58,000 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." ACS makes
technology work. 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. DATASOURCE: ACS, Inc. CONTACT: Investors, Jon
Puckett, Vice President of Investor Relations, +1-214-841-8281, ,
or Media, Lesley Pool, Senior Vice President, Chief Marketing
Officer, +1-214-841-8028, , both of Affiliated Computer Services,
Inc. Web site: http://www.acs-inc.com/ http://www.alliedwaste.com/
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