DALLAS, July 29 /PRNewswire-FirstCall/ -- Affiliated Computer Services,
Inc. (NYSE: ACS) today announced a renewed contract with the Apollo Group,
Inc. providing student financial aid business process outsourcing (BPO)
services for the University of Phoenix (UPX) and Western International
University (WIU). The renewed three-year contract is valued at $120
million.
The Apollo Group is the parent company of UPX and WIU, UPX is the
largest private university in North America, and WIU is an affiliated
university. ACS has been providing a host of BPO services for the Apollo
Group since May of 2002. ACS serves as the financial aid office for UPX and
WIU, which combined have more than 340,000 enrolled students. ACS packages
and awards financial aid to students, disburses funds, performs
verifications and returns to lenders, and resolves any related issues or
conflicting information. ACS also operates a dedicated call center that
handles financial aid questions from UPX and WIU students.
"ACS' support combines outstanding financial aid expertise and
comprehensive services with the latest in Web-based functionality to
support thousands of UPX and WIU students on a daily basis," said Robert
Collins, vice president, the Apollo Group. "ACS has provided exceptional
services to our students over the past six years, and our confidence in
their capabilities is underscored by the renewal of this contract."
ACS serves both WIU and UPX online campuses, as well as UPX's network
of 79 local campuses and 117 learning centers nationwide from a centralized
location in Tempe, Arizona. This location and dedicated call center help
relieve individual campuses of administrative burdens and provide a
centralized hub for streamlined communication with students across the
country.
"ACS has continuously built upon and enhanced its services on behalf of
the Apollo Group to maximize the efficiency and convenience of financial
aid services for its students," said Richard K. Schnacker, senior managing
director, ACS Commercial Education & Financial Services. "This has
translated into significantly reduced financial aid processing times while
delivering increasingly effective services and support."
ACS' SFA BPO business provides student financial aid office outsourcing
services to 240 campuses or online classes, while disbursing more than $2.5
billion annually in financial aid. Services include financial aid services,
enrollment management, inbound and outbound student call center services,
document collection, and back-office processing services.
About ACS
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, Carol DeMatteo, Director, Corporate Communications,
+1-214-841-8110, carol.dematteo@acs-inc.com, both of Affiliated
Computer Services, Inc.
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