Genworth Names ACS Strategic Supplier of the Year

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Apr 13, 2011, 04:37 ET

RICHMOND, Va., April 13, 2011 /PRNewswire/ -- Genworth Financial, Inc. (NYSE:GNW) today announced that ACS, A Xerox Company (NYSE:XRX), is the recipient of its 2010 Strategic Supplier Partnership Initiative (SSPI) award. The award recognizes key suppliers that show commitment to embodying Genworth values and demonstrating innovation, continuous improvement and cost performance.

ACS, a leader in business process and IT outsourcing, has provided Genworth with document and data management services since 2008. During that time, ACS evolved from a basic to a strategic supplier driven by a focus on sharing new technologies and capabilities. ACS brings increased value to Genworth through its investment in the partnership with technology, innovative methods and solutions.

"ACS not only delivers solid service but is first to the table with solutions and approaches to enhance our business processes," says Sena Kwawu, Genworth Senior Vice President, Finance Shared Services. "Their reputation for process improvement has reduced Genworth's costs and made ACS an invaluable strategic partner."

"Genworth is able to focus on the financial decisions of their customers by entrusting us to manage their critical business information," said Kent Schnacker, president of ACS' Financial Services Group. "This approach draws upon our ability to apply innovation to daily business challenges."

Other nominees for the SSPI award included Genpact, SIRVA Relocation, Acxiom Corporation, and Direct Mail Solutions.

About Genworth Financial

Genworth Financial, Inc. (NYSE:GNW) is a leading Fortune 500 global financial security company. Genworth has more than $100 billion in assets and employs approximately 6,500 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of more than 15 million customers. Genworth operates through three segments: Retirement and Protection, International and U.S. Mortgage Insurance. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit Genworth.com. From time to time Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the "Investors" section of Genworth.com.

About Xerox

Xerox Corporation is a $22 billion leading global enterprise for business process and document management. Through its broad portfolio of technology and services, Xerox provides the essential back-office support that clears the way for clients to focus on what they do best: their real business. Headquartered in Norwalk, Conn., Xerox provides leading-edge document technology, services, software and genuine Xerox supplies for graphic communication and office printing environments of any size. Through ACS, A Xerox Company, which Xerox acquired in February 2010, Xerox also offers extensive business process outsourcing and IT outsourcing services, including data processing, HR benefits management, finance support, and customer relationship management services for commercial and government organizations worldwide. The 136,000 people of Xerox serve clients in more than 160 countries. For more information, visit http://www.xerox.com, http://news.xerox.com, http://www.realbusiness.com or http://www.acs-inc.com. For investor information, visit http://www.xerox.com/investor.