Perot Systems to Acquire BearingPoint China Consulting
Combination Will Expand Breadth of Capabilities and Market Reach
PLANO, Texas and BEIJING/PRNewswire-FirstCall/ -- Perot Systems Corporation (NYSE:PER)
today announced that it will acquire BearingPoint Management Consulting
(Shanghai) Ltd. ("BearingPoint China Consulting"), a leading management
and technology consulting company with offices in Shanghai and Beijing.
This development follows the Sept. 21, 2009, announcement that Perot
Systems will be acquired by Dell, a transaction that combines Perot
Systems' services portfolio with Dell's global reach, significant
existing services unit, and industry-leading hardware products. The
overall combination will give enterprises in China access to a complete
suite of IT, applications, business-process, and consulting services.
"BearingPoint China Consulting is highly respected for its
consultancy services, and we are pleased to add their complementary
expertise to our existing global consulting services," said Peter
Altabef, president and CEO of Perot Systems. "Dell, Perot Systems, and
BearingPoint China Consulting all have successful track records of
catering directly to the needs of clients. Unifying our service
operations will significantly expand our reach and enhance our
capabilities in China."
Established in 2001, BearingPoint China Consulting provides deep
industry and consultancy expertise to clients in China's energy,
automotive, insurance, and financial services industries. As announced
in June of 2009, Perot Systems recently has won key contracts in
China's healthcare and manufacturing sectors.
"We are pleased to be joining Perot Systems, particularly given
their momentum with recent contract wins in China and the Dell
announcement," said Ron Machan, chairman and CEO of BearingPoint China
Consulting. "Our clients and our consultants will benefit from the deep
industry expertise, mature global delivery model, and strong financial
position of Perot Systems. Our clients can be assured that we will
continue delivering world-class service to our clients, and we will
have the backing of two world leaders with unprecedented leadership of
entrepreneurship, innovation, and real values."
The BearingPoint China Consulting operations will become part of the
Perot Systems Commercial Solutions business unit. Steve Curts,
president of Perot Systems Commercial Solutions, said, "We are
committed to executing a smooth transition for our new clients and
associates in China. The combined company will continue to work across
a broad range of vendors and alliance partners to deliver efficient and
effective solutions that address individual client needs."
BearingPoint China Consulting has earned numerous industry awards.
In 2008, the China Software Association and ERP world.net ranked the
firm among the "Top 10 IT Consulting Firms" in China, and named CEO
Machan among the "Top 10 People of the Year in the IT Industry" in
China. The firm also was chosen as "Most Trusted Consulting Firm" in
2007 by the China Enterprise Confederation.
Terms were not disclosed, and the transaction is subject to approval from the U.S. Bankruptcy Court and the Chinese government.
About Perot Systems
Perot Systems is a worldwide provider of information technology
services and business solutions. Through its flexible and collaborative
approach, Perot Systems integrates expertise from across the company to
deliver custom solutions that enable clients to accelerate growth,
streamline operations and create new levels of customer value.
Headquartered in Plano, Texas, Perot Systems reported 2008 revenue of
$2.8 billion. The company has more than 23,000 associates located in
the Americas, Europe, Middle East and Asia Pacific. Additional
information on Perot Systems is available at http://www.perotsystems.com/.
This press release contains forward-looking statements that are
subject to known and unknown risks and uncertainties that could cause
actual results to differ materially from those expressed or implied by
such statements. For factors that could affect our business and cause
actual results to differ materially, please refer to our Annual Report
on Form 10-K for the fiscal year ended December 31, 2008, as filed with
the U.S. Securities and Exchange Commission and available at http://www.sec.gov/,
as updated in our Quarterly Reports on Form 10-Q filed after such Form
10-K, for additional information regarding risk factors. We disclaim
any intention or obligation to revise any forward-looking statements
whether as a result of new information, future developments, or
otherwise.
Media Contacts:
Perot Systems Corporation
Marvin Singleton
+1 972 577-5881
Marvin.Singleton@ps.net
BearingPoint China Consulting
Vivien Wu
+86 (21) 5292 5392
Vivien.wu@bearingpoint.com
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Source: Perot Systems Corporation
CONTACT: Marvin Singleton of Perot Systems Corporation, +1-972-577-5881,
Marvin.Singleton@ps.net; or Vivien Wu of BearingPoint China Consulting, +86
(21) 5292 5392, Vivien.wu@bearingpoint.com
Web Site: http://www.perotsystems.com/
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