Dell buys majority shares of IT services firm Perot Systems
Computer manufacturer Dell (www.dell.com) announced on Wednesday it has acquired more than 90 percent of IT services and business solutions provider Perot Systems (www.perotsystems.com) for $3.9 billion in cash.
Perot Systems provides a range of interrelated consulting, business process, application, infrastructure, modular and virtual services, necessary to create innovative solutions that achieve and sustain measurable results.
The acquisition has led to the creation of a new business unit called Dell Services, which signals the company's entry into IT infrastructure services market. The division will offer hosting, consulting, applications and business-process outsourcing, expanding Dell's existing managed and modular services.
The business unit will be headed by Perot Systems CEO Peter Altabef, who will report to Dell chairman and CEO Michael Dell.
In addition to his previous responsibilities, Altabef will also oversee Dell's commercial services-which includes consulting, sales, marketing, quality and customer relationship management functions-and the company's internal IT.
"Customers around the world want flexible, scalable solutions to reduce complexity and drive even greater benefit from IT," says Dell. "The Dell Services business—formed out of the powerful combination of Dell and Perot Systems—is an exciting step forward in our ongoing commitment to develop and provide best-value IT solutions."
Dell expects its acquisition of Perot Systems to contribute to its GAAP earnings in fiscal 2012.
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