"The BearingPoint China Consulting team brings deep industry and consulting expertise in China's energy, automotive, insurance, and financial services industries. This addition significantly enhances our existing consultancy operations and will support our growing capabilities worldwide," said Peter Altabef, president and chief executive officer of Perot Systems.

"As a part of Perot Systems, we will benefit from its deep industry expertise, mature global delivery model and strong financial position. This enables us to continue to provide world-class services to our clients with broader capabilities and resources," said Ron Machan, chairman and chief executive officer of BearingPoint China Consulting.

Steve Curts, president of Perot Systems Commercial Solutions, said, "The combined company will continue to work across a broad range of vendors and alliance partners to deliver efficient and effective solutions that address individual client needs."

Perot Systems is a worldwide provider of information technology services and business solutions.

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Announcement (October 11, 2009):

Perot Systems is planning to acquire BPMS.

Following the acquisition, BPMS will become part of the Perot Systems Commercial Solutions business unit.

Deal Type    Acquisition
Sub-Category Majority Acquisition
Deal Status  Completed: 2009-11-01

Deal Participants

Target (Company)   BearingPoint Management Consulting (Shanghai), Ltd.
Acquirer (Company) Perot Systems Corporation

Deal Rationale

The acquisition will add BPMS' complementary expertise to Perot Systems' existing consulting services and expand its reach, and enhance its capabilities in China.

Perot Systems said that the addition of the Xcelys software solution, which will also be hosted by Perot Systems, is expected to streamline the enrollment, billing and statement processes, enhancing customer experience, increasing efficiency and providing a flexibility of offerings.

Perot Systems added that the technology upgrade will also provide a foundation for the Health Connector to adapt to program changes. The current announcement builds upon the relationship that began in 2008 with an information technology and business process agreement between Perot Systems and the Health Connector.

Chuck Lyles, president of Perot Systems Healthcare, said: "In the three short years since Massachusetts first established the Health Connector, it has gone from having the sixth highest percentage of insured residents in the US to being number one, and we are proud to be part of this innovative program. The Xcelys software solution will enable the Health Connector to more effectively help residents find, retain and pay for healthcare coverage, making the program more efficient both for the state and for the people it serves."

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