ARINSO,announces,major,HR,services,contract,with,ACS,in,Europe
ARINSO announces major HR services contract with ACS in Europe
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ARINSO International (Euronext Brussels:ARIN) announced today a new services contract with Affiliated Computer Services, Inc. (NYSE: ACS), a world leader in business process solutions. As a service provider to ACS, ARINSO will support ACS, deployment of the PeopleSoft HR module and SAP payroll applications and will assist with processing payroll and personnel administration in 10 European countries as part of a newly established HR Services agreement.
This contract is a European breakthrough for ARINSO People Services, as the agreement is worth more than EUR 90 million. For ARINSO, this contract will generate important recurring revenue streams in the coming years. In 2004, this contract will be the largest account in ARINSO's customer portfolio.For ARINSO, HR Services are a cornerstone of our growth strategy. We have teamed up with one of the world?s most innovative business process solution providers in ACS, and we are confident that, together, we will be able to address their client?s long term business needs?, adds Rudy Vandenberghe, President of ARINSO People Services.
The following information is excerpted from the press release issued 4 November 2003 by Affiliated Computer Services, Inc. (NYSE: ACS). Reprinted with permission.
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