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Products May 25, 2010
ACS to Acquire ExcellerateHRO
May 25, 2010 (PLANSPONSOR.com) - Affiliated Computer Services (ACS), a Xerox Company, has announced a definitive agreement to acquire ExcellerateHRO, LLP (EHRO), a global benefits administration and relocation services provider, from Hewlett-Packard Company.
Reported by Rebecca Moore
A news release said “the purchase of EHRO establishes ACS as one of the world’s single largest pension administrators and solidifies its role as a leading provider of outsourced health & welfare and relocation services.” EHRO’s client list includes FORTUNE 500 and growing mid-market companies, who are served by more than 1,800 human resources specialists.
According to the announcement, the acquisition builds upon ACS’ ability to provide specific solutions to clients’ needs, particularly in the employee benefits sector, such as pensions and 401(k) plans. Rohail Khan, executive managing director, ACS, said the acquisition of EHRO broadens ACS access to new industries and markets, allowing the company to introduce its proprietary technology platform and business processes to an expanding marketplace.
ACS administers $75 billion in defined contribution assets to 1.7 million participants. Its HR solutions include HR outsourcing services, total benefits outsourcing, learning management services, and Buck Consultants.
More information about ACS is at http://www.acs-inc.com.