Perot Systems

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Perot Systems Corporation
Industry Information technology
Successor Dell Services, NTT Data Services
FoundedJune 1, 1988 (1988-06-01)
Founder Ross Perot
DefunctSeptember 21, 2009 (2009-09-21)
Headquarters,
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
RevenueUS$2.8 billion (2010) [1]
Number of employees
23,100 (2010) [1]
Website perotsystems.com at the Wayback Machine (archived 2008-06-10)

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]

Information technology (IT) is the use of computers to store, retrieve, transmit, and manipulate data, or information, often in the context of a business or other enterprise. IT is considered to be a subset of information and communications technology (ICT). An information technology system is generally an information system, a communications system or, more specifically speaking, a computer system – including all hardware, software and peripheral equipment – operated by a limited group of users.

Ross Perot American businessman

Henry Ross Perot is an American business magnate, billionaire, philanthropist, and former politician. He is the founder and former chief executive officer of Electronic Data Systems and Perot Systems. He ran an independent presidential campaign in 1992 and a third party campaign in 1996, establishing the Reform Party in the latter election. Both campaigns were among the strongest presidential showings by a third party or independent candidate in U.S. history.

Plano, Texas City in Texas, United States

Plano is a city in the U.S. state of Texas, located approximately twenty miles north of downtown Dallas. The city of Plano is a part of the Dallas-Fort Worth metropolitan area. Plano lies mostly within Collin County, but includes a small portion that extends into Denton County.

Contents

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]

Fortune 1000

The Fortune 1000 are the 1,000 largest American companies, ranked by revenues, as compiled by the American business magazine Fortune. It only includes companies which are incorporated or authorized to do business in the United States, and for which revenues are publicly available. The Fortune 500 is the subset of the list that is its 500 largest companies.

Dell American multinational computer technology corporation

Dell is an American multinational computer technology company based in Round Rock, Texas, United States, that develops, sells, repairs, and supports computers and related products and services. Named after its founder, Michael Dell, the company is one of the largest technological corporations in the world, employing more than 145,000 people in the U.S. and around the world.

NTT Data Corporation is a Japanese system integration company and a partially-owned subsidiary of Nippon Telegraph and Telephone (NTT).

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]

Electronic Data Systems American multinational information technology equipment and services company

Electronic Data Systems (EDS) was an American multinational information technology equipment and services company headquartered in Plano, Texas.

General Motors American automotive manufacturing company

General Motors Company, commonly referred to as General Motors (GM), is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit's Renaissance Center. It was originally founded by William C. Durant on September 16, 1908 as a holding company. The company is the largest American automobile manufacturer, and one of the world's largest. As of 2018, General Motors is ranked #10 on the Fortune 500 rankings of the largest United States corporations by total revenue.

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. [5] 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. [6]

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. [7] According to a survey Dell Services (the successor of Perot Systems) was ranked #1 as an IT provider in the US healthcare market [8]

<i>Fortune</i> (magazine) American multinational business magazine

Fortune is an American multinational business magazine headquartered in New York City, United States. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The magazine competes with Forbes and Bloomberg Businessweek in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists, including the Fortune 500, a ranking of companies by revenue that it has published annually since 1955.

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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 DATA Closes Acquisition of Dell Services, NTT DATA, retrieved 13 February 2017.
  5. Dell (September 21, 2009). "Dell to Acquire Perot Systems for $3.9 Billion, Creating Comprehensive, Customer-Focused IT-Solutions Company". Dell.
  6. Danielle April-Staff Writer (April 16, 2014). "Plano-based Guide IT names Chuck Lyles CEO". Dallas Business Journal.
  7. Perot Systems Awards and Recognition (web.archive.org)
  8. Pressrelease: Healthcare Providers Rank Dell Perot Systems No. 1 IT Vendor, May 11, 2010. Downloaded: March 22, 2013
Wayback Machine Web archive service

The Wayback Machine is a digital archive of the World Wide Web and other information on the Internet. It was launched in 2001 by the Internet Archive, a nonprofit organization based in San Francisco, California, United States.