Dell To Buy Perot Systems For $3.9B
- Dell said today it would pay $3.9 billion to purchase IT services company Perot Systems to offer customers services such as unified computing packages to fully-formed computing clouds. The industry has been expecting Dell to jump into this market since their competitors like IBM or HP have been praised for their service offerings in the past. This deal fits in line with Michael Dell’s plans to make game changing acquisitions throughout the next 12 months to help Dell expand its business and support shrinking profits.
- Dell has offered $30 per share in cash for Perot Systems. Peter Altabef, the current chief executive of Perot, will stay on to run Dell’s services business. Interesting facts: The acquired company was founded in 1988 by Ross Perot, who twice ran for U.S. president. Last year HP purchased EDS, an IT services company that was also founded by Ross Perot, in 1962. (Om)