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25-474: The complex, located on Highway 59 and (Southwest Freeway), includes One & Two Arena Place, two 19-story towers each with about 390,000 square feet (36,000 m) of space, the Arena Theatre , a live performance theater with a 2,850 seats, and two nine story parking garages with a total of 2,200 spaces. Due to the facility's circular shape, all of its seats are no further than 65 feet (20 m) from

50-452: A $ 6.4 billion transaction. The deal closed on February 8, 2010. Affiliated Computer Services, Inc. (ACS) was founded by Darwin Deason and Charles M. Young, both former MTech Communications executives, in 1988. Deason had served as CEO at MTech and decided to launch another data processing firm after a management buyout bid of him and other executives had lost to another bid in 1988. MTech

75-561: A contract for the digitization of the Los Angeles County food stamp program . By 1990 the company had 1,300 employees that generated revenues of more than $ 120 million. Initially created as a data services provider to the financial services industry, Deason led ACS's expansion into the communications, education, financial services, government, healthcare, insurance, manufacturing, retail, and travel and transportation industries. In 1991 ACS sought to acquire BancPlus to enter

100-670: A focused expansion strategy from early on. By the time it was listed on the NASDAQ, only six years after its inception, the company had already acquired 13 data processing companies. Throughout its history, ACS bought more than 50 businesses, the following is an overview of key acquisitions and joint-ventures: ACS began providing data processing and other information technology services to a single financial industry client, operating regionally from Dallas, and later added other banks and financial institutions to its list of clients. As information technology and business process outsourcing company,

125-485: A helicopter pad and a private swimming pool on the rooftop. Robert Williamson of the firm Holliday Fenoglio Fowler said that the Powers case was "pretty celebrated" and that the complex was "very storied." Williamson described Powers as a "very flamboyant developer." The complex was the most well-known development established by Powers. Powers filed for bankruptcy. Afterwards, in 1986, Powers attempted to claim Arena Tower I,

150-454: A senior vice president of Grubb & Ellis, a real estate firm, said that the buildings were worth $ 30 million. Brown also said that they were "in poor condition" and needed updating. In 1997 Stromberg said that, according to real estate sources, the towers were reportedly under a contract of sale to Texas Commercial Properties Inc. Stromberg said that the sale would be the largest transaction of Class B office space in 13 years. For many years

175-516: Is located in Suite 204 of Two Arena Place. Westwood College 's Houston South Campus was located in One Arena Place. 713radio.net 29°42′07″N 95°31′03″W  /  29.7019°N 95.5175°W  / 29.7019; -95.5175 Highway 59 The following highways are numbered 59 : Affiliated Computer Services Affiliated Computer Services Inc. ( ACS )

200-614: The Westpark Tollway . The Arena Theatre now owned by a partnership which owns the office buildings, was built in 1965. Bob Hope , a comedian, was an investor in the original Arena Theatre. The towers, colored black, were developed in the early 1980s by Melvin Lane Powers . Powers built a personal penthouse on top of one of the towers and received a lot of attention for this. The penthouse, located in Arena Tower I, had

225-522: The Arena Theatre was operated by H'Town Arena, a tenant. In December 2004 the Arena Group and two limited partners bought the entire Arena Place complex from Lennar Partners for about $ 24.5 million. At the same time Transwestern Commercial Services replaced PM Realty Group as the agency that manages and provides leases for the property. H'Town Arena had stopped leasing in the theater days before

250-623: The FORTUNE 500 list and employed about 74,000 people around the world who served thousands of commercial and government clients. In February 2010, following its acquisition by Xerox, ACS was replaced by Urban Outfitters on the Standard & Poor 500 Index. On July 1, 2015, Xerox sold the IT Outsourcing business to Atos . Xerox indicated that ITO did not line up with its vision of integration of BPO (business process outsourcing) and

275-402: The U.S. 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. In 2005, ACS was offered a buyout from TPG and in 2007 from Deason and Cerberus Capital Management . Both offers were rejected. In 2009, ACS ranked #401 on

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300-503: The company eventually provided services to businesses, government agencies, and non-profit organizations. In the 1990s, the company pioneered off-site ATMs, operated the second largest non-bank ATM network in the United States and eventually the largest in the world. In 2006, the U.S. Securities and Exchange Commission (SEC) notified ACS that they were conducting an informal investigation into certain stock option grants made by

325-406: The company from October 1998 through March 2005. This was due to the improper and unethical practice of back-dating stock options to specific low points in the stock value. ACS said the executives improperly backdated the price of options grants during a period from 1994 to 2005. During that time, ACS said the executives deliberately chose days on which ACS's stock took a dip as the effective date for

350-537: The legacy document handling concerns. On July 29, 2016, the US District Court for the Southern District of New York dismissed the lawsuit pursued by Matthew Sciabacucchi. The lawsuit contended that some Xerox Corp directors and officers had abrogated their fiduciary duties in connection with the company's $ 6.4 billion acquisition of ACS in 2010. On January 3, 2017, a company called Conduent

375-440: The mortgage banking business but lost to another bid. The following year, the company acquired CIC/DISC, a New York based outsourcing business. ACS expanded beyond banking BPO services when it signed a 10-year data processing outsourcing contract with Southland Corporation ( 7-Eleven ). In 1995 ACS became a public company and divested bank data processing. By FY 1996 ACS became the fourth-largest commercial outsource provider in

400-567: The north side tower, as his personal residence to prevent foreclosure. Bank of America repossessed the building and evicted Powers. Lawrence Wong, a real estate developer, acquired tower one from Bank of America in 1989. In 1990 he acquired the second tower from the Midland Bank of England. Laura A. Stromberg of the Houston Business Journal said that when Wong purchased the buildings, they were "substantially vacant." At

425-644: The sale occurred, and as a result the theater stopped operating. As of 2004 the Class B office space in the complex was about 70% occupied, and the tenants included several large call centers. In September 2006 the limited partners sold their stake, which was 50 percent, to Boxer Property. Since the acquisition occurred, all of the buildings underwent renovations. As of 2007 the office towers had an occupancy rate of around 70 percent. As of that year most of its tenants were professional groups and included 25 law firms, medical users, radio stations, and television stations. As of

450-464: The same year Westwood College occupied several floors in the complex. By that year $ 5 million in capital investments had been made to the towers. A total of $ 6 million was invested into the renovation of the towers. As part of a $ 1 million renovation, the Arena Theater was scheduled to re-open on November 9, 2007. Arena Theatre Inc. became the new tenant of the theater. As part of the renovation

475-399: The stage. Because of the presence of the garages, the theater has on-site parking. The complex has a two-story, 6,000 square feet (560 m) office tower penthouse. The complex is located near PlazAmericas (formerly Sharpstown Mall). The concession stands are located inside the theater. The complex, which has Class A office space, is located in proximity to the 610 Loop , Beltway 8 , and

500-479: The theater received new carpeting, new lighting and sound systems, repaired seats, modernized toilet facilities, and a video system. The ceiling was altered absorb sound instead of reflecting sound. The operators also planned to hold events in the office tower penthouse. In 2009 Affiliated Computer Services announced that it was going to add 120 job positions to its call center in Arena Tower II; after hiring

525-477: The time a 200,000 square feet (19,000 m) block of space in tower one was vacant. In 1997 Arena Tower I was 88% leased and Arena Tower II was 73% leased. During that year Houston Cellular was the main tenant in Arena Tower I, and the building was named after the company. Other tenants in the Arena Towers included Houston Allstate , LTD Financial Services, and Prudential . During that year Logan Brown,

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550-587: Was a company that provided information technology services as well as business process outsourcing solutions to businesses, government agencies, and non-profit organizations. ACS was based in Dallas, Texas . ACS was ranked at number 341 on the 2010 Fortune 500 list. Founded in 1988, by Darwin Deason , ACS operated in nearly 100 countries, generating over $ 6 billion annually. As of September 2009, ACS employed approximately 74,000 people. On September 28, 2009, Xerox Corporation announced plans to acquire ACS in

575-513: Was scheduled to be complete, the company planned to have 400 employees in its Arena Place operation. As of 2016, Xerox Business Services (after acquiring ACS in late 2009) is currently managing a 400-seat call center for CVS Pharmacy in Arena Tower II. The College of Health Care Professions' Southwest Houston, TX Campus is located at One Arena Place, 7322 Southwest Freeway, Suite 110, Houston, Texas USA. The China Airlines Houston Mini Office (Chinese: T: 休士頓營業所, S: 休士顿营业所, P: Xiūshìdùn Yíngyèsuǒ )

600-500: Was sold to EDS for $ 345 million and in the same year Deason, together with a part of the MTech executive team, launched ACS. Deason served as chairman and CEO while Young became president and COO. Deason's expansion strategy was strongly reliant on acquisitions, accounting for around 70% of early growth. Two key developments were the acquisition of OBS Companies, a service provider with 200 employees and an annual revenue of $ 25 million, and

625-471: Was spun off as a divestiture from Xerox. The business scope of Conduent was generally understood to be essentially identical to that of the former Affiliated Computer Services (ACS). In February 2020, initial efforts to demolish the company's former headquarters building in Dallas failed; the process of taking the solid concrete building apart ended up taking several days. Affiliated Computer Systems pursued

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