This was originally posted at ZDNet's Between the Lines.
Xerox said Monday it will buy Affiliated Computer Services in a cash and stock deal valued at $6.4 billion.
Xerox is valuing ACS at $63.11 a share, up from ACS' closing price of $47.50. The move transforms Xerox into a services company that can focus on business process management and outsourcing (statement).
The company, which is in a dogfight with Hewlett-Packard for print managed services, is apparently looking for more foot soldiers to cross sell everything from process overhauls to document management programs. After all, HP can use its EDS army … Read more