Dell to Buy Perot Systems
Dell has entered into an agreement to buy Perot Systems for $3.9 billion. With the acquisition of Perot, Dell looks set to boost its computer services portfolio, something that has hindered it from catching up with the likes of IBM and HP.
Dell, the second-biggest maker of personal computers, offered $30 a share in cash, about 68% more than Perot’s closing price September 18. The acquisition probably will boost profit in fiscal 2012, Texas-based Dell said in a statement today.
Once the transaction is complete, Perot Systems, based in Texas, will become Dell’s services unit. The purchase price is more than twice what Dell paid last year for EqualLogic, which was the computer maker’s biggest acquisition until now.
Dell’s global commercial customer base spans large corporations, government agencies, health-care providers, educational institutions, and SMEs. Perot Systems provides services in applications, technology, infrastructure, business processes, and consulting.
Over the past four quarters Dell and Perot Systems had a combined $16 billion in enterprise-hardware and IT-services revenue, with about $8 billion from enhanced services and support.
Michael Dell, CEO of Dell said, "We consider Perot Systems to be a premium asset with great people that enhances our opportunities for immediate and long-term growth. This significantly expands Dell’s enterprise-solutions capabilities and makes Perot Systems’ strengths available to even more customers around the world. There will be efficiencies from combining the companies, but the acquisition makes such great sense because of the obvious ways our businesses complement each other."
- HCI Makes Software-Defined Data Center Simple
- Banks, Govt To Drive Enterprise Storage Growth: IDC
- Firms Clueless On Data Recovery When Disaster Strikes: Study
- Tips To Transform Your Business With Cloud Migration
- Why Enterprises Need To Automate Security Systems
- Why Artificial Intelligence Is Poised To Disrupt E-Commerce
- Cloud Momentum Consistently Up Across Financial Biz Apps
- Dell EMC Looks At $26 Bn India Market, Focuses On JAM
- Artificial Intelligence Is Changing The Farms of the Future
- Cloud Computing Can Protect Firms Against Cyber Threats: Experts