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August 04, 2005
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WELCOME TO THE NEW OUTSOURCING ALERT
To provide our subscribers with more--and more timely--news and information about the people and companies that are shaping the outsourcing industry, the Outsourcing Center is pleased to announce a partnership with newsletter editor Jerry Bowles and the Custom Publishing Group to bring you Outsourcing Alert on a weekly basis. Each Thursday, Outsourcing Alert will provide you with industry news, including mergers and acquisitions, executive changes, financial results from leading companies, new business wins and so on. We hope you enjoy it and find it valuable. Send any news and press releases to Jerry Bowles. For advertising information, contact Robin Carey at Custom Publishing Group.
H&R BLOCK ACQUIRES AMEX TAX & BUSINESS SERVICES...H&R Block Inc. has signed a definitive agreement to acquire the Tax & Business Services division of American Express for approximately $220 million. It will be combined with H&R Block's RSM McGladrey Business Services Inc. subsidiary.
ACS BUYS SWISS TRANSPORT FIRM...Affiliated Computer Services, Inc. will acquire the Transport Revenue division from Ascom AG, a Switzerland-based communications company. Transport Revenue consists of three business units: transit, parking, and toll collection with office locations across nine countries. The purchase price of approximately USD $100 million will be funded through ACS' existing credit facility.
NEW NAME, EXPANDED ROLE FOR FISERV UNIT...Fiserv Document Solutions will change its name to Fiserv DirectSource to better represent the expanding role the business unit has taken in providing strategic sourcing services for Fiserv and its 16,000 financial industry clients.
Posted by jbowles at August 4, 2005 11:00 AM
