Perot Systems to Acquire BearingPoint China Consulting
October 11 2009 - 9:30PM
PR Newswire (US)
Combination Will Expand Breadth of Capabilities and Market Reach
PLANO, Texas and BEIJING, Oct. 11 /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
BearingPoint China Consulting Vivien Wu +86 (21) 5292 5392 (Logo:
http://www.newscom.com/cgi-bin/prnh/20080902/NYTU040LOGO)
http://www.newscom.com/cgi-bin/prnh/20080902/NYTU040LOGO
http://photoarchive.ap.org/ DATASOURCE: Perot Systems Corporation
CONTACT: Marvin Singleton of Perot Systems Corporation,
+1-972-577-5881, ; or Vivien Wu of BearingPoint China Consulting,
+86 (21) 5292 5392, Web Site: http://www.perotsystems.com/ Company
News On-Call: http://www.prnewswire.com/comp/122686.html
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