Industry Information technology Number of employees 23,100 (2010) Founded 1 June 1988 | Revenue US$2.8 billion (2010) Founder Ross Perot | |
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Successor Dell Services, NTT DATA Services Defunct September 21, 2009 (2009-09-21) Key people Ross Perot, Jr., chairman
James A. Champy, chairman
Peter Altabef, chief executive officer
Russell Freeman, chief operating officer Stock price PER (NYSE) US$ 3.00 -0.10 (-3.23%)24 Mar, 4:02 PM GMT-4 - Disclaimer Headquarters Plano, Texas, United States Subsidiaries Perot Systems Government Services Inc | ||
Smarttrend trading idea perot systems corp nyse per 09 09
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.
Contents
- Smarttrend trading idea perot systems corp nyse per 09 09
- History
- Services
- Recognition
- Acquisition by Dell and NTT DATA
- References
Subsequently, Dell Services was acquired by NTT DATA in November 2016.
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.
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.
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. According to a survey Dell Services (the successor of Perot Systems) was ranked nr.1 as IT provider in the US healthcare market
Acquisition by Dell and NTT DATA
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. Dell sold the division to NTT DATA in 2016.