ACS Enhances TIPS Platform With NextAce's Title EDGE Application
DALLAS, Oct. 4 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. (NYSE: ACS), a premier provider of business process and information technology outsourcing solutions, announced today that it has entered an agreement with automated title software and application service provider NextAce to provide its Title EDGE(TM) application to title industry customers in the Texas counties of Dallas, Tarrant, Denton, Collin, Kaufman, and Rockwall.
The NextAce Title EDGE software application is the nation's leading
automated title examination and report generation product. Founded in 2003, NextAce has successfully implemented Title EDGE with title customers in California, Arizona, and Florida.
"ACS has long sought to deliver leading technologies to its title industry customers," said Tom Burlin, Group President of ACS Government Solutions. "ACS has led in the development and delivery of TIPS(SM) ('Title Imaging Plant System'), our fully integrated title indexing and document-imaging platform, and now, through this strategic relationship with NextAce, ACS can significantly enhance TIPS and deliver e-Exam."
e-Exam is ACS' new automated preliminary report product to the title insurance community in areas where ACS manages indexes and document image repositories.
The NextAce Title EDGE product has been very successful in the rate of industry adoption as it drives the title examination process to new levels of efficiency, according to NextAce Executive Vice President Max Harris. "We are very excited to partner with ACS in the Dallas-Ft. Worth area," Harris said. "ACS has a proven track record in demonstrating their ability to be forward-thinking and progressive in delivering technology tools to the title industry."
The timetable for completing the implementation and moving the product into production is expected to be before the end of 2005. ACS' Title Records Division is the primary provider of title plant and document image database management solutions to the title insurance industry in the Greater Dallas-Ft. Worth metropolitan area.
NextAce(SM) is a privately held technology company that provides software and services primarily to the title insurance and mortgage lending industries. Its Title EDGE process was established in 2003 to assist title companies in streamlining the production of preliminary reports and commitments and is used by title companies servicing 37 California counties, Maricopa County in Arizona, and 16 counties in Florida. Additional information on NextAce can be found at http://www.nextace.com.
ACS, a FORTUNE 500 company with more than 50,000 people supporting client operations in nearly 100 countries, provides business process and information technology outsourcing solutions to world-class commercial and government clients. The Company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS". ACS makes technology work. Visit ACS on the Internet at http://www.acs-inc.com.
The statements in this news release that do not directly relate to
historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.