Once the acquisition is complete, Perot Systems will become Dell’s services unit. The merger follows by four months Dell rival Hewlett-Packard Co.’s acquisition of EDS Corp., for $13.9 billion. “So for us going to be a big, big target,” he added. Perot Systems also will be able to expand its federal sales by working with Dell’s federal sales team. “And it gives us great customer touch within the government.” “It brings a tremendous balance sheet if there are certain tuck-in acquisitions we need to make around health care,” Perot said. He said Dell brings a lot of strength and scale to Perot Systems Government Service. We think being teamed up with Dell in government services is very strong for us, especially in our health care practice.” The merger will create a firm with about $8 billion in combined services and support, said Michael Dell, chairman and CEO of Dell, during a joint conference call today with Ross Perot Jr., chairman of Perot Systems.ĭell said there will be more organic acquisitions and opportunities to grow, “whether it’s government or health care or commercial or the global opportunities.”Īsked how the merger will affect Perot Systems Government Services, which accounts for 27 percent of Perot Systems revenue, Perot said, “It’s an area we focused on intently the past eight years and really built up. Over the past four quarters Dell and Perot Systems had a combined $16 billion in enterprise hardware and IT services revenue, according to the announcement. The companies say the merger will mean a broader range of IT services and solutions and optimization of their delivery a broader reach of Perot Systems’ capabilities, and more Perot Systems’ customers will have access to Dell computer systems. The acquisition”will result in a compelling combination of two iconic information technology companies, and an expanded Dell will be even better positioned for immediate and long-term growth and efficiency,” the announcement said. Terms of the agreement were approved Sunday by both boards of directors, according to a joint announcement today.ĭell will commence a tender offer to acquire all outstanding Class A common stock of Perot Systems for $30 per share in cash, the two companies said. said it plans to purchase Perot Systems Corp. In a surprise announcement today, Dell Inc.
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