Dell Buys Perot Systems for $3.9 Billion

September 21, 2009, By Alex Ion

Dell- Perot Systems

Perot System is Dell’s way of getting into the IT services business.

Seeking to expand from their PC business, the computer giant has announced on Monday that they’re going to buy information technology provider Perot Systems for $3.9 billion — $30 a share in cash, which includes a 67% premium to the company’s closing price on Friday. Looks like Michael Dell, the company’s founder and chief executive, is trying to take on his rivals IBM and Hewlett-Packard by diversifying their business.

Based in Plano, Texas, Perot Systems is “a premium asset with great people” that cater to a wide range of technology services that include data center management, software and consulting.

Ross Perot Jr. said that “today’s announcement is the next step in formalizing a relationship that has flourished for some time. When my father founded Perot Systems, he envisioned a global information-technology leader. The new, larger Dell builds on that promise and its own successes by taking Perot Systems’ expertise to more customers than ever.”

The deal — which is expected to be completed during Dell’s fiscal Q4 ending in January — has been approved by the boards of both companies. Seems like the war is tightening in the IT sector, isn’t it?

© 2008-2012 - All rights reserved | Privacy Policy