PLANO, Texas, Nov. 2 /PRNewswire-Asia/ -- Perot Systems Corporation (NYSE: PER) today said it has closed its acquisition of BearingPoint Management Consulting (Shanghai) Ltd. ("BearingPoint China Consulting"), a leading management and technology consulting company in China.
The action follows recent approvals of the transaction by Shanghai Municipal Commission of Commerce and the U.S. Bankruptcy Court. The combination expands the reach and capabilities of Perot Systems in China.
"The BearingPoint China Consulting team brings deep industry and consulting expertise in China's energy, automotive, insurance, and financial services industries. This addition significantly enhances our existing consultancy operations and will support our growing capabilities worldwide," said Peter Altabef, president and chief executive officer of Perot Systems.
"As a part of Perot Systems, we will benefit from its deep industry expertise, mature global delivery model and strong financial position. This enables us to continue to provide world-class services to our clients with broader capabilities and resources," said Ron Machan, chairman and chief executive officer of BearingPoint China Consulting.
Steve Curts, president of Perot Systems Commercial Solutions, said, "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."
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.
For more information, please contact:
PEROT SYSTEMS CORPORATION
Marvin Singleton
Tel: +1-972-577-5881
Email: Marvin.Singeleton@ps.net
BEARINGPOINT CHINA CONSULTING
Vivien Wu
Tel: +86-21-5292-5392
Email: Vivien.wu@bearingpoint.com
