China : Perot Buys BearingPoint s China Unit.Byline: Mamta03 Perot Systems Perot Systems Corporation NYSE: PER is an information technology services provider based in Plano, Texas. Peter Altabef has served as president, chairman, and chief executive officer since 2004. Corp. purchased the China operations of management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm BearingPoint Inc., a deal that would further Dell Inc.'s expansion in technology services with its own acquisition of Perot. The acquisition of BearingPoint Management Consulting (Shanghai Shanghai (shăng`hī`, shäng`hī`), city (1994 est. pop. 12,980,000), in, but independent of, Jiangsu prov., E China, on the Huangpu (Whangpoo) River where it flows into the Chang (Yangtze) estuary. ) Ltd., the value of which wasn't disclosed, will establish a consulting business for Perot in China for the first time. Dell Inc. last month agreed to acquire Perot for $3.9 billion and sees technology services generating 8 billion-a-year in revenue. The moves, which were negotiated independently, would help Dell catch up to rivals like Hewlett-Packard Co., which last year bought information-technology services giant Electronic Data Systems Inc. As profits from sales of personal computers have dwindled, companies have expanded beyond their traditional businesses. Services have become an increasingly important part of technology sales as businesses rely on consultants to recommend which products to buy. Ross Perot H. Ross Perot (born June 27, 1930) is an American businessman from Texas, who is best known for seeking the office of President of the United States in 1992 and 1996. Perot founded Electronic Data Systems (EDS) in 1962 and later sold the company to General Motors and founded Perot Jr., chairman of Perot Systems, said he expects commercial technology sales to turn around world-wide and that the combination of the three companies will make them better positioned to take advantage of that. "Tech has been down for almost a decade people have delayed their IT spending too long," Mr. Perot said. "We are now sensing a huge refresh (1) To continuously charge a device that cannot hold its content. CRTs must be refreshed, because the phosphors hold their glow for only a few milliseconds. Dynamic RAM chips require refreshing to maintain their charged bit patterns. See vertical scan frequency and redraw. coming where people need new systems, new hardware." After filing for Chapter 11 protection from creditors earlier this year, BearingPoint abandoned plans to restructure in bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. and announced a plan to sell its key operations, including its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. public-services division, its commercial-services business and its consulting business in Japan. The company's China business, which provides management and technology consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to state-owned enterprises and multinational companies, has about 300 employees. It posted 35 million in revenue last year, up 14% from the year before. Ron Machan, chief executive of BearingPoint's China operations, said the business is debt-free. He will continue to head the consulting business under Perot Systems' ownership. Mr. Machan said BearingPoint, which would merge brands with Perot Systems, will be better able to expand under Perot Systems and Dell in China, the world's second-largest PC market by units shipped. "We found a new parent who is financially very sound. This secures a great future for our business here in China," he said. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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