Monday, December 1, 2008

ACS State and Local Solutions Research #1

What is publicly available regarding the contractor "ACS State and Local Solutions" on this date is as follows:

Litigation
Justia.com has a very nice list of Federal district court litigation open with ACS State and Local Solutions involved. http://dockets.justia.com/search?q=ACS+State+and+Local+Solutions%2C+Inc.

ACS State and Local Solutions Corporate Info
"ACS State and Local Solutions" is a subsidiary of "Affiliated Computer Services" Their web site. http://www.acs-inc.com/ They are Fortune 500 big with publicly traded stock. That means they have the financial resources to land the City of Los Angeles' Parking enforcement payment contract. The make-up of "ACS State and Local Solutions" is not yet known.

According to Yahoo! Finance they are under some financial distress having lost +30% of their market value. Insiders of the company have been selling too. As their market cap goes down, their debt obligations become a bigger daily operations issue. It's unclear how their subsidiary "ACS State and Local Solutions" plays into that.

Los Angeles Activity for ACS State and Local Solutions

As published by the Los Angeles City Ethics committee, ACS has a hired lobbyist and has given campaign contributions to city officials. (Enter acs in the last name box) It appears Mannatt, Phelps and Phillips was their last lobbying contractor.

What does this mean? Not much. It's publicly available facts. If you have more facts regarding the interaction of ACS State and Local Solutions and the City of Los Angeles, please post them as comments.

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