Dell Set to Complete Perot Acquisition Deal

by CXOtoday Staff    Nov 05, 2009

Dell said it has completed its tender offer for Perot Systems and notified the company of its exercise of its top-up option to acquire Perot Systems shares. Dell, which expects to complete the acquisition soon, will own more than 90 percent of outstanding Perot Systems shares on completion of the process.

The PC-maker has established a new business unit – called Dell Services — to develop and deliver a suite of end-to-end IT services and business solutions designed to reduce IT complexity and lower costs for customers.

The integration of Perot Systems will extend Dell Services into hosting, consulting, applications and business process outsourcing, and expand Dell s existing managed and modular services.

Peter Altabef will head Dell Services as president, reporting to Chairman and Chief Executive Officer Michael Dell. Altabef brings more than two decades of leadership experience to his new role, including the last five years as CEO of Perot Systems. In addition to previous Perot Systems operations, Altabef is responsible for Dell’s commercial services — including consulting, sales, marketing, quality and customer relationship management functions — and the company’s internal IT.

"Customers around the world want flexible, scalable solutions to reduce complexity and drive even greater benefit from IT. The Dell Services business — formed out of the powerful combination of Dell and Perot Systems — is an exciting step forward in our ongoing commitment to develop and provide best-value IT solutions," Michael Dell said in a statement.

"The Dell and Perot Systems integration teams have been extremely productive in their planning, and we are ready to work on behalf of all our customers," said Altabef.

Dell Services will be one of the world’s largest technology services organizations with more than 41,000 experienced and skilled technology- and business-services professionals and revenue of approximately $8 billion from enhanced services and support over the last four quarters, the company said in a statement.

Dell’s customer base spans global corporations, government agencies, healthcare and educational institutions, and small and medium enterprises.