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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
________________________________
FORM 8-K
CURRENT REPORT
_______________________________
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
July 7, 1998 (June 30, 1998)
Commission file number 0-24787
AFFILIATED COMPUTER SERVICES, INC.
(Exact name of registrant as specified in its charter)
Delaware 75-2559681
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(State or other Jurisdiction of (IRS Employer Identification No.)
Incorporation)
2828 NORTH HASKELL
DALLAS, TEXAS 75204
(Address of principal executive offices)
(Zip code)
(214) 841-6111
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On June 30, 1998, Affiliated Computer Services, Inc. ("ACS") announced that
it had signed a definitive agreement to acquire Betac International Corporation
("Betac") of Alexandria Virginia. Reference is made to the Registrant's press
release, what is incorporated herein by reference. A copy of such press release
is attached to this form 8-K as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
*99.1 Press Release dated June 30, 1998.
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* Filed herewith
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: July 7, 1998 Affiliated Computer Services, Inc.
By: /s/ David Black
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David Black
Executive Vice President and
General Counsel
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CONTACTS:
Mark A. King Thom Mead
EVP and Chief Financial Officer VP - Marketing
Affiliated Computer Services, Inc. Affiliated Computer Services Inc.
(214) 841-8007 (214) 841-8248
ACS ACQUIRING BETAC INTERNATIONAL CORPORATION
DALLAS, TEXAS -- June 30, 1998 -- ACS (Affiliated Computer Services, Inc.)
announced today that it signed a definitive agreement to acquire Betac
International Corporation (Betac) of Alexandria, VA. The agreement is
subject to certain conditions including regulatory approval and is expected
to close in late July or early August 1998.
Betac, founded in 1977, is an advanced technology services company providing
sophisticated information technology solutions to the Department of Defense,
government intelligence and defense contractors, other federal agencies and
commercial clients. The company, with trailing twelve months revenue of
approximately $49 Million, employs 400 information technology professionals
across the United States and Europe. The Betac acquisition broadens the
range of skill sets within ACS' subsidiary, Analytical Systems Engineering
Corporation, in the areas of intelligence, security and complex technology
applications. Terms of the acquisition were not disclosed.
"This acquisition enhances our position in the government marketplace, and it
particularly strengthens our capabilities in the defense and intelligence
communities," said Pete Bracken, Group President of the ACS Government
Solutions Group. Bracken added, "Betac solidifies our position as a premier
provider of high-end, sophisticated technology solutions to government
agencies and defense contractors, as well as commercial enterprises concerned
with security and leading-edge technology performance."
Jim Henderson, President of the Analytical Systems Engineering Corporation,
said that the new company "is an ideal business fit. It gives us a new range
of locations and new clients that we currently do not serve. Our increased
number of employees and their additional skills will enable us to compete for
a broader range of contracts. I am extremely enthusiastic that Betac, led by
their current management team, is joining our division."
Earl Lockwood, President and Chief Executive Officer of Betac International
Corporation, anticipates numerous benefits for his company. "This very
complimentary fit between ASEC and Betac provides us a stronger and more
secure position in the industry and extends our operating base. The expanded
technical and financial resources enable us to deliver an extensive scale
and scope of technology, and provide our employees with expanded
opportunities to grow and advance within Betac, ACS and the IT industry."
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ACS is based in Dallas, Texas, with operations within North, Central and
South America, and Europe and the Middle East. ACS provides a full range of
business services including business process outsourcing, electronic
commerce, technology outsourcing, professional services and systems
integration. The company's Class A common stock trades on the New York Stock
Exchange under the symbol "AFA." Visit ACS in the Internet at
www.acs-inc.com.
Statements about the company's outlook and all other statements in this
release other than historical facts are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements rely on a number of assumptions concerning future
events and are subject to a number of uncertainties and factors, many of
which are outside ACS' control, that could cause actual results to differ
materially from such statements. While the company believes that the
assumptions concerning future events are reasonable, it cautions that there
are inherent difficulties in predicting certain important factors, especially
the timing and magnitude of technological advances; the performance of
recently acquired businesses; the prospects for future acquisitions; the
possibility that a current customer could be acquired or otherwise affected
by a future event that would diminish their information technology
requirements; the competition in the information technology industry and the
impact of such competition on pricing, revenues and margins; the degree to
which business entities continue to outsource information technology and
business processes; uncertainties surrounding budget reductions or changes in
funding priorities or existing government programs and the cost of attracting
and retaining highly skilled personnel. These factors, when applicable, are
discussed in the company's prior filings with the Securities and Exchange
Commission, including the most recent Form 10-K, a copy of which may be
obtained through the company without charge. ACS disclaims any intention or
obligation to revise any forward-looking statements whether as a result of
new information, future event, or otherwise.
