Headquartered in Dallas, TX, Affiliated Computer Services, Inc. (ACS) has grown since it was founded in 1988 to become a Fortune 500 company providing business process outsourcing (BPO) services to commercial and governmental clients. The company has made more than 50 acquisitions and continually reinvents itself as new opportunities arise. ACS began by providing data processing and other services to banks and financial institutions. In the 1990s it operated an ATM network that was second only to that of Electronic Data Systems Corporation (EDS) among nonbank networks. Through acquisitions, ACS has grown from a regional provider based in Dallas to a national player in the outsourcing services field. After establishing itself as a major provider to federal, state, and local governments, ACS announced in August 2003 that it would sell its government solutions business to Lockheed Martin Corporation to focus on providing BPO services to commercial clients.