Electronic Data Systems

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Electronic Data Systems (EDS), headquartered in Plano, Texas, defined the outsourcing business when it was established in 1962 by H. Ross Perot. General Motors acquired the company in 1984, spun it off again as an independent company in 1996, and became an EDS client.

On May 13, 2008, Hewlett-Packard Co. confirmed that it had reached a deal with Electronic Data Systems to acquire the company for $13.9 billion.[1] The deal was completed on August 26, 2008. EDS became an HP business unit and was renamed "EDS, an HP company". Ronald A. Rittenmeyer remained at the helm, reporting to Ann Livermore until his retirement.

As of 2008, EDS employed 139,000 people in 64 countries, the largest locations being the United States, India and the UK. It was ranked as one of the largest service companies on the Fortune 500 list with around 2,000 clients.

As of 23 September 2009, EDS began going to market as HP Enterprise Services, a name change which came one year after HP announced the acquisition of EDS and was a critical milestone as the integration of EDS into HP neared completion.[2]

Contents

Company structure

In 2006, EDS sold their management consulting Subsidiary company, A.T. Kearney, in a management buyout and retained interests in five[citation needed] related companies:

  • ExcellerateHRO, which offers Human resources outsourcing services jointly owned by Towers Perrin
  • Injazat Data Systems, which is a joint venture between EDS and Mubadala Development Company of Abu Dhabi. Its purpose is to provide IT and business process outsourcing (BPO) services in the United Arab Emirates, Qatar and Oman to the government, oil and gas, utilities, financial services, transportation, telecom and healthcare sectors
  • SOLCORP, which provides software solutions and consulting services for the life insurance and wealth management industry
  • EDS Consumer Loan Services (a.k.a. Wendover), which supports consumer loans in the United States
  • MphasiS, an HP Company, operating from Bangalore, India, is a leading applications development and business processing and infrastructure outsourcing company. MphasiS was merged with then EDS India Unit to become MphasiS, an HP Company with a total strength of 33000+ employees. MphasiS operates as an independent HP subsidiary with its own board and continues to be listed on Indian markets as MphasiS Limited.

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