 "Dell To Buy Perot Systems For $3.9 Bn")
Computer maker Dell is to buy technology services company Perot Systems for $3.9 billion in a bid to gain a foothold in the lucrative sector of information technology consulting, the company announced yesterday.
The bid price of $30 a share represented a 68-percent premium on the share price of the company founded in 1988 by former independent presidential candidate Ross Perot.
The Texas-based company provides consulting and technology services to more than 1,000 enterprises, with some 50 percent of its revenues derived from the healthcare industry and another 25 percent from the government.
In a conference, Dell founder Michael Dell said Perot would remain in Texas and that it hoped to hold on to the company’s management as it seeks to make Perot the ‘anchor’ of Dell’s global IT services business.
This would help Dell, currently the world’s number two computer maker behind Hewlett Packard, smooth out inconsistent revenue from hardware sales with the more lucrative and steady consulting income that helps it competitors like HP and IBM.
“We will leverage Perot’s services capability across Dell’s customer base,” said Dell. “This acquisition makes great sense.” (IANS)
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