Representatives of ACS were not immediately available to comment to Reuters about the newspaper article.
By FY 1996 ACS became the fourth largest commercial outsource provider in the U. More recently, ACS was best known for its Transportation Solutions Group (TSG), which supported transportation services including electronic toll collection, management of cities’ parking systems, and photo traffic enforcement. have settled a suit alleging the company awarded million worth of options backdating grants over an 11-year period without adequately disclosing them. Securities and Exchange Commission and Affiliated Computer Services Inc.The note raises questions about the company’s prior assertions that Deason, its founder, knew nothing about widespread options backdating at the technology company, the Journal said.News of the note’s contents comes at a sensitive time for Deason, who earlier this week joined with Cerberus Capital Management of New York in a .9 billion offer to take ACS private.The .4 million buyout of his backdated options resulted in no bonuses to be handed out to the entire company.