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Mellon Financial Completes Transaction With ACS.

Publication: PR Newswire
Publication Date: 26-MAY-05
Format: Online - approximately 663 words
Delivery: Immediate Online Access

Article Excerpt
PITTSBURGH, May 26 /PRNewswire-FirstCall/ -- Mellon Financial Corporation has completed the previously announced sale of its human resources consulting and outsourcing businesses to Affiliated Computer Services, Inc. (ACS), a leader in the business process and information technology outsourcing industry. In addition, ACS is acquiring the operations and infrastructure associated with those businesses.

"This transaction sharpens our focus on our strong positions in asset management and payments and securities services," said Martin G. McGuinn, Mellon chairman and chief executive officer. "This will allow us to capitalize on growth opportunities in asset management and securities services and maintain...

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