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. 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]
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 for $3.9 billion in 2009 by Dell, Inc. as Dell Services.[2][3] Dell Services was then acquired by NTT Data in November 2016.[4][5]
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]
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 the company's class A stock for $30 per share, representing a 61% premium over the previous closing price for Perot Systems stock.[6] Dell sold the division to NTT Data in 2016. Non-official sources stated the merger to Dell failed due continued conflicts in culture, and the loss of talent to various clients such as Tenet Hospitals and other start ups by former leaders. Additionally, former Perot/Dell employees founded Guide IT in 2013 (Scott Barnes, Jack Evans, John Furniss, Tim Morris, and Russell Freeman, later to include Chuck Lyles) with backing from Ross Perot Jr.[7]
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.[8] According to a survey Dell Services (the successor of Perot Systems) was ranked #1 as an IT provider in the US healthcare market.[9]
perot, systems, information, technology, services, provider, founded, 1988, group, investors, ross, perot, based, plano, texas, united, states, provided, information, technology, services, industries, health, care, government, manufacturing, banking, insurance. 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 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 Perot Systems CorporationIndustryInformation technologyFoundedJune 1 1988 1988 06 01 FounderRoss PerotDefunctSeptember 21 2009 2009 09 21 SuccessorDell Services NTT Data ServicesHeadquartersPlano Texas United StatesKey peopleRoss Perot Jr chairmanJames A Champy chairmanPeter Altabef chief executive officerRussell Freeman chief operating officerServicesApplication development systems integration information technology consultingRevenueUS 2 8 billion 2010 1 Number of employees23 100 2010 1 Websiteperotsystems com at the Wayback Machine archived 2008 06 10 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 for 3 9 billion in 2009 by Dell Inc as Dell Services 2 3 Dell Services was then acquired by NTT Data in November 2016 4 5 Contents 1 History 2 Recognition 3 See also 4 References 5 External linksHistory EditH 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 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 the company s class A stock for 30 per share representing a 61 premium over the previous closing price for Perot Systems stock 6 Dell sold the division to NTT Data in 2016 Non official sources stated the merger to Dell failed due continued conflicts in culture and the loss of talent to various clients such as Tenet Hospitals and other start ups by former leaders Additionally former Perot Dell employees founded Guide IT in 2013 Scott Barnes Jack Evans John Furniss Tim Morris and Russell Freeman later to include Chuck Lyles with backing from Ross Perot Jr 7 Recognition EditAs 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 8 According to a survey Dell Services the successor of Perot Systems was ranked 1 as an IT provider in the US healthcare market 9 See also Edit Companies portalElectronic Data SystemsReferences Edit a b Perot Systems Corporation information Hoover s retrieved December 7 2006 a b Hansell Saul Vance Ashlee September 22 2009 Dell to Spend 3 9 Billion to Acquire Perot Systems New York Times a b Perot Systems NTT DATA Closes Acquisition of Dell Services NTT DATA retrieved 13 February 2017 NTT DATA History NTT DATA Retrieved January 24 2023 Dell September 21 2009 Dell to Acquire Perot Systems for 3 9 Billion Creating Comprehensive Customer Focused IT Solutions Company Dell Danielle April Staff Writer April 16 2014 Plano based Guide IT names Chuck Lyles CEO Dallas Business Journal Perot Systems Awards and Recognition web archive org Pressrelease Healthcare Providers Rank Dell Perot Systems No 1 IT Vendor May 11 2010 Downloaded March 22 2013External links Editperotsystems com as the original company at the Wayback Machine archived 2008 06 10 Retrieved from https en wikipedia org w index php title Perot Systems amp oldid 1135376935, wikipedia, wiki, book, books, library,
