Perot Systems to Acquire BearingPoint China Consulting

Sun Oct 11, 2009 9:30pm EDT
 
[-] Text [+]
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

    Marvin.Singleton@ps.net

    BearingPoint China Consulting

    Vivien Wu
    +86 (21) 5292 5392

    Vivien.wu@bearingpoint.com



(Logo: http://www.newscom.com/cgi-bin/prnh/20080902/NYTU040LOGO)








SOURCE  Perot Systems Corporation

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

 

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