DALLAS, June 2 /PRNewswire-FirstCall/ -- Affiliated Computer Services,
Inc. (NYSE: ACS) today announced it has successfully completed the
acquisition of Transportation Management Systems (TMS), a business unit of
Orbital Sciences Corporation (NYSE: ORB), for $42 million which was funded
with cash on hand. The acquisition was announced on April 17, 2008.
The acquisition allows ACS to expand its global public transit service
capabilities with TMS, the nation's leading provider of Global Positioning
System (GPS)-based fleet management systems. ACS is now the only company
capable of providing both fare collection and fleet management system
capabilities for governments and enterprises in the fastest-growing segment
of the transit market.
The systems developed by TMS combine satellite navigation and wireless
communications. They enable transit authorities to better manage and
dispatch public transit and highway service vehicles and commuter light
rail systems. The technology is used by more than 60 clients, exceeding
27,500 vehicles, or more than 30 percent of the fleets in the U.S. and
Canada.
ACS, a global FORTUNE 500 company with 63,000 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
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.
SOURCE Affiliated Computer Services, Inc.
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Related links:
http://www.acs-inc.com
CONTACT:
investors, Jon Puckett, Vice President,
Investor Relations, +1-214-841-8281, jon.puckett@acs-inc.com, or
media, Kevin Lightfoot, Vice President, Corporate Communications,
+1-214-841-8191, kevin.lightfoot@acs-inc.com, both of Affiliated
Computer Services, Inc.
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