Scheduling
Time & Attendance
Forecasting
Employee App
Payroll Integrations
Communications
HR Administration
By Staff Report
May. 25, 2010
A unit of Xerox Corp. said Tuesday, May 25, that it is buying a benefits and human resources outsourcing unit from Hewlett-Packard Co. for $125 million.
A spokesman for Dallas-based Affiliated Computer Services Inc. said its purchase of ExcellerateHRO is expected to close this summer.
“This acquisition clearly demonstrates Xerox’s commitment to invest in human resources that will ultimately benefit all our clients,” Ann Vezina, ACS executive vice president and group president of ACS Human Resources Services, said in a statement.
ExcellerateHRO, which does not disclose revenue, currently has 350 to 400 clients and about 1,800 employees.
The benefits and HR outsourcing operation was formed in 2005 by then-Towers Perrin and EDS Corp., combining Towers Perrin’s benefit administration services and EDS’ payroll and HR-related outsourcing services. EDS held a roughly 85 percent share in ExcellerateHRO, and Towers Perrin owned the rest.
In 2008, HP acquired EDS and its interest in ExcellerateHRO.
In June 2009, Towers Perrin, which merged this year with Watson Wyatt Worldwide to form Towers Watson, sold its minority share to HP.
ACS’ purchase of ExcellerateHRO is its first since Xerox acquired it in February in a deal valued at $6.4 billion.
Filed by Jerry Geisel of Business Insurance, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.
Stay informed and connected. Get human resources news and HR features via Workforce Management’s Twitter feed or RSS feeds for mobile devices and news readers.
Come see what we’re building in the world of predictive employee scheduling, superior labor insights and next-gen employee apps. We’re on a mission to automate workforce management for hourly employees and bring productivity, optimization and engagement to the frontline.
Compliance
Minimum Wage by State in 2023 – All You Need to KnowSummary Twenty-three states and D.C. raised their minimum wage rates in 2023, effective January 1. Thr...
federal law, minimum wage, pay rates, state law, wage law compliance
HR Administration
Is your employee attendance policy and procedure fit for purpose?Summary: Lateness and absenteeism are early warning signs of a deteriorating attendance policy. — More ...
compliance, HR technology, human resources
HR Administration
Clawback provisions: A safety net against employee fraud lossesSummary Clawback provisions are usually included as clauses in employee contracts and are used to recou...
clawback provisions, human resources, policy