Xerox Corp. Chief Executive Officer Ursula Burns revealed that her company will be proceeding with acquisitions, but not as large as the $5.6 billion acquisition of business process outsourcing firm Affiliated Computer Services Inc. that closed on Friday.

The deal has been approved by the 90% of the shareholders of both companies -- 97 percent at Xerox and 86 percent at ACS.

The total cost of the acquisition is reported to be of $6.4 billion in cash and Xerox stock. However, the final paperwork will be completed soon, Xerox officials claim.

Dallas-based ACS will extend its Xerox's service offerings into payrolls, accounts payable, information technology outsourcing and other business and accounting functions.

In addition, the company posted that it still plans to do some consolidation in ACS's business process outsourcing field, but there is also room to expand the $500 billion global market.

Xerox, the fifth-largest employer in the Rochester area, had 2009 revenues of $15.2 billion.

ACS, Dallas based company, is a business-process outsourcing firm with 78,000 employees and annual revenues of $6.5 billion.