Perot Systems

Perot Systems Corporation
Industry Information technology
Successor Dell Services
Founded June 1, 1988 (1988-06-01)
Founder Ross Perot
Defunct September 21, 2009 (2009-09-21)
Headquarters Plano, Texas, United States
Key people
 Ross Perot, Jr., chairman
James A. Champy, chairman
Peter Altabef, chief executive officer
Russell Freeman, chief operating officer
Services Application development, systems integration, information technology consulting
Revenue US$2.8 billion (2010)[1]
Number of employees
 23,100 (2010)[1]
Website www.perotsystems.com

Perot Systems was an information technology services provider founded in 1988 by a group of investors led by Ross Perot and based in Plano, Texas, United States. A Fortune 1000 corporation with offices in more than 25 countries, Perot Systems employed more than 23,000 people and had an annual revenue of $2.8 billion prior to its acquisition in 2009 by Dell, Inc. for $3.9 billion.[2][3]

NTT DATA announced in March 2016 that it is acquiring the division from Dell, now consisting of approximately 28,000 employees, for $3.055 billion.[4] Revenue for each year from 2014 through 2016 was flat at approximately $2.9 billion.

History

H. Ross Perot and eight associates founded Perot Systems in June 1988 after having sold EDS to General Motors. Before its acquisition by Dell Inc. in September 2009, Perot Systems was a Fortune 1000 corporation with more than 23,000 associates and annual revenue (2008) of $2.8 billion. The company maintained offices in more than 25 countries around the world, including the United States, Europe, India, China and Mexico.[3]

Services

Perot Systems provided information technology services in the industries of health care, government, manufacturing, banking, insurance and others. Perot Systems was especially strong in health care industries with services such as digitizing and automating medical records.[2]

Recognition

As a top-five finisher for the third consecutive year, Perot Systems was named to the Fortune magazine “Most Admired Companies in America” list for IT Services in 2008. Company ratings are based on eight criteria, ranging from investment value and quality of products/services to innovation and quality of management.[5] According to a survey Dell Services (the successor of Perot Systems) was ranked nr.1 as IT provider in the US healthcare market[6]

Acquisition by Dell

On September 21, 2009, it was officially announced that Dell and Perot Systems had entered into a definitive agreement for Dell to acquire Perot Systems for approximately $3.9 Billion. The acquisition was designed to provide Dell with access to a wider set of IT services and solutions while providing existing Perot Systems customers with access to Dell computers and other hardware. Under the agreement, Dell acquired all of Perot Systems' class A stock for $30 per share, representing a 61% premium over the previous closing price for Perot Systems stock.[7]

See also

References

  1. 1 2 Perot Systems Corporation information, Hoover's, retrieved December 7, 2006.
  2. 1 2 Hansell, Saul; Vance, Ashlee (September 22, 2009). "Dell to Spend $3.9 Billion to Acquire Perot Systems". New York Times.
  3. 1 2 Perot Systems
  4. ↑ NTT SEC Filing, SEC, retrieved 30 March 2016.
  5. ↑ Perot Systems Awards and Recognition (web.archive.org)
  6. ↑ Pressrelease: Healthcare Providers Rank Dell Perot Systems No. 1 IT Vendor, May 11, 2010. Downloaded: March 22, 2013
  7. ↑ Dell (September 21, 2009). "Dell to Acquire Perot Systems for $3.9 Billion, Creating Comprehensive, Customer-Focused IT-Solutions Company". Dell.
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