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If the markets are right, Michael Dell has paid too much for Perot Systems. Dell is paying $30 a share cash or about $3.9bn, about half its $7.9bn...
The Hashemite Kingdom of Jordan, in a public demonstration hosted by His Majesty King Abdullah II, provided a stunning look at the new integrated healthcare technology system being implemented for...
PC maker agreed to buy information technology services company Perot Systems for about $3.9 billion as it looks to expand beyond the personal computer business.
http://www.manufacturing.net/News-Dell-To-Buy-Perot-Systems-For-3-9-Billion-092109.aspx
Former presidential candidate and billionaire H. Ross Perot founded Perot Systems, and as of 2007, owns 25% of its stock. His son Ross Perot junionr is now the company chairman. More details gathered by Reuters:
http://www.businessinsider.com/dell-acquires-ross-perots-tech-company-for-39-billion-2009-9
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Nov 02, 2009 (TELECOMWORLDWIRE via COMTEX) --
Perot Systems Corporation (NYSE:PER) announced today that it has completed its acquisition of Chinese management and technical consulting company BearingPoint Management Consulting (Shanghai) Ltd.
The provider of IT services and solutions said that the action follows recent approvals of the transaction by Shanghai Municipal Commission of Commerce and the US Bankruptcy Court and will extend the reach and capabilities of Perot Systems in China.
No financial details of the acquisition were disclosed.
Comments on this story may be sent to tww.feedback@m2.com
Tags: acquisition bankruptcy china commerce consulting nyse shanghai
Companies: Perot Systems Corp. (PER)
Nov 02, 2009 (Wall Street Horizon via COMTEX) --
Perot Systems Corporation (PER)
Expected next earnings release: Announcement date: 11/3/2009 - Before Market Earnings Quarter: Q3 Announcement Status: Unconfirmed
Tags: corporate earnings market
Companies: Perot Systems Corp. (PER)
PLANO, Texas,, Nov 01, 2009 /PRNewswire-FirstCall via COMTEX/ --
Perot Systems Corporation (NYSE: PER) today said it has closed its acquisition of BearingPoint Management Consulting (Shanghai) Ltd. ("BearingPoint China Consulting"), a leading management and technology consulting company in China.
The action follows recent approvals of the transaction by Shanghai Municipal Commission of Commerce and the U.S. Bankruptcy Court. The combination expands the reach and capabilities of Perot Systems in China.
"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."
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2008 revenue of $2.8 billion. The company has more than 23,000 associates located in the Americas, Europe, Middle East and Asia Pacific. Additional information on Perot Systems is available at http://www.perotsystems.com/.
This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For factors that could affect our business and cause actual results to differ materially, please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2008, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/, as updated in our Quarterly Reports on Form 10-Q filed after such Form 10-K, for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.
MEDIA CONTACT:
PEROT SYSTEMS CORPORATION
Marvin Singleton
+1 972 577-5881
Marvin.Singeleton@ps.net
BEARINGPOINT CHINA CONSULTING
Vivien Wu
+86(21) 5292 5392
Vivien.wu@bearingpoint.com
SOURCE Perot Systems Corporation
http://www.perotsystems.com
Tags: acquisition annual report asia automotive bankruptcy business ceo china commerce commercial consulting energy europe financial services information technology insurance media middle east nyse president revenue securities shanghai technology texas
Companies: Perot Systems Corp. (PER)
Nov 02, 2009 (AsiaPulse via COMTEX) --
MEDIA RELEASE PR36885
(Full text of statement. Contact details below.)
Perot Systems Expands Consulting Capabilities with Addition of BearingPoint Management Consulting (Shanghai) Ltd. in China
PLANO, Texas, Nov. 2 /PRNewswire-AsiaNet/ -- Perot Systems Corporation (NYSE: PER) today said it has closed its acquisition of BearingPoint Management Consulting (Shanghai) Ltd. ("BearingPoint China Consulting"), a leading management and technology consulting company in China.
The action follows recent approvals of the transaction by Shanghai Municipal Commission of Commerce and the U.S. Bankruptcy Court. The combination expands the reach and capabilities of Perot Systems in China.
"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."
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2008 revenue of $2.8 billion. The company has more than 23,000 associates located in the Americas, Europe, Middle East and Asia Pacific. Additional information on Perot Systems is available at http:/ www.perotsystems.com/.
This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For factors that could affect our business and cause actual results to differ materially, please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2008, as filed with the U.S. Securities and Exchange Commission and available at http:/ www.sec.gov/, as updated in our Quarterly Reports on Form 10-Q filed after such Form 10-K, for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.
MEDIA CONTACT:
PEROT SYSTEMS CORPORATION
Marvin Singleton
+1 972 577-5881
Marvin.Singeleton@ps.net
BEARINGPOINT CHINA CONSULTING
Vivien Wu
+86(21) 5292 5392
Vivien.wu@bearingpoint.com
SOURCE:: Perot Systems Corporation
rw
Tags: acquisition annual report asia automotive bankruptcy business ceo china commerce commercial consulting energy europe financial services information technology insurance media middle east nyse president revenue securities shanghai technology texas
Companies: Perot Systems Corp. (PER)
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