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ACS Lands Renewed Contract Worth $120M

Dallas-based business process outsourcing firm Affiliated Computer Services Inc. revealed Tuesday that its contract with non-traditional higher education provider the Apollo Group Inc. has been renewed. ACS said the updated agreement will last three years and is valued at $120 million. According to ACS, it will provide student financial aid services for The Apollo Group's flagship learning institutions: the University of Phoenix and Western International University. The two universities boast a combined enrollment of more than 340,000 enrolled students. ACS added that it has provided various business process outsourcing services to the Apollo Group since May 2002.