MEDIA RELEASE PR36488
Perot Systems to Acquire BearingPoint China Consulting
PLANO, Texas and BEIJING, Oct. 12 /PRNewswire-AsiaNet/ --
Combination Will Expand Breadth of Capabilities and Market Reach
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.
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
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
(PER)
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