Dell News on Ulitzer

In a transaction expected to close - subject to all the usual approvals - in its November-January fiscal quarter, Dell announced this morning that it's entered a definitive agreement to acquire Perot Systems in a transaction valued at approximately $3.9 billion. Terms of the agreement were approved yesterday by the boards of directors of both companies.



“We consider Perot Systems to be a premium asset with great people that enhances our opportunities for immediate and long-term growth," said Dell's Founder & CEO, Michael Dell, in an announcement. "This significantly expands Dell’s enterprise-solutions capabilities and makes Perot Systems’ strengths available to even more customers around the world," he continued, adding: "There will be efficiencies from combining the companies, but the acquisition makes such great sense because of the obvious ways our businesses complement each other.”

Meanwhile Ross Perot Jr, Chairman of the Board of Perot Systems, had this to say:

"Today’s announcement is the next step in formalizing a relationship that has flourished for some time. When my father founded Perot Systems he envisioned a global information-technology leader. The new, larger Dell builds on that promise and its own successes by taking Perot Systems’ expertise to more customers than ever.”

Over the past four quarters Dell and Perot Systems had a combined $16 billion in enterprise-hardware and IT-services revenue, with about $8 billion from enhanced services and support.