Subscribe

0

Advertisment
Annuals

Perot Systems TSI: The Metamorphosis Begins

author-image
DQI Bureau
New Update

Advertisment

DQ Top 20
Advertisment



Perot Systems buys out HCL stake for $105 million

BFSI accounts for 52% of revenues


The trouble between the parents of the erstwhile HCL Perot Systems started to brew in November 2002. Thereafter the rumor mills ran overtime speculating that HCL Technologies was raising debt to buy out Perot Systems' stake, valued at $70 million, in the JV. Finally the buyout did happen but not as speculated. In December 2003, Perot Systems picked up the HCL stake for a $105 million cash deal. Breaking free from the JV, Perot Systems started to look at the Indian market with renewed vigor to leverage maximum value from the investment, and targeted a growth rate faster than what it already had. The company also plans to expand by increasing its headcount. Although it did not manage to beat the industry growth rate, the graph does not look flat any more: after a 13% growth in the previous year, the outlook for the year ahead is optimistic. Apart from offering application management alone as it did until now, the company is now considering infrastructure management as another area of focus.    

l Start-up year: 1996 l
Products& services: Software services l Employees: 2675
l Address: Plot No 3, Sector 125, NOIDA 201301 l Tel: 2432750
l Fax: 2430545 l Website: www.perotsystemstsi.com

Advertisment