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Perot Systems history
Perot Systems company history timeline
H. Ross Perot and eight associates founded Perot Systems in June 1988 after having sold EDS to General Motors.
However, because the GM separation agreement prohibited Perot from competing with EDS for profit until December 1989, Perot Systems worked for free for another 18 months.
The company, which kept its name, was founded in 1991 and brought 125 employees in offices in the United States, Ireland, and the United Kingdom.
In 1992 Perot stepped down as leader of the new company to devote more time to his unsuccessful first campaign for the White House, turning the company over to former EDS leader Morton Meyerson.
In 1994 the company acquired the Custom Development Division of Platinum Software, a financial software firm.
James Cannavino, former number two executive at IBM, joined the company in 1995, becoming president.
In July of 1996, SportsTrac Inc. hired Perot Systems to develop an Internet database of high school athletes that could be used by college recruiters.
Cannavino replaced Meyerson as CEO in September of 1996.
In its battle with EDS, Perot Systems also targeted small to mid-sized clients, including First National Bank of Tucumcari in New Mexico, North Side Bank and Trust Co. in Cincinnati, and Southside State Bank in Tyler, Texas, all of whom joined the company's client list in 1996.
Perot is now investing in software startups to get new technology early." For example, the firm paid $9 million for the assets of Nets Inc., a business-to-business (B2B) e-commerce system developer that had run out of money, in May of 1997.
Nets Inc., the struggling Internet commerce company launched by Lotus founder Jim Manzi, was acquired by Perot Systems in June 1997.
Also in 1997, Cannavino stepped down from his position as president and CEO amidst rising costs and falling earnings.
Perot himself stepped in as interim CEO. When Meyerson resigned as chairman in January of 1998, Perot took over that role as well.
The company ranked 358th in the Forbes Private 500 list that year, with total revenue growing to $993.6 million (up 27 percent) and net income jumping to $40.5 million (up 261 percent). On February 1, 1999, the company's stock began trading on the New York Stock Exchange.
Sales in 2000 exceeded $1 billion, and employees totaled roughly 7,500.
Perot Systems purchased Health Systems Design Corp. in 2000, gaining access to Diamond, a health-care payment software application.
On September 21, 2009, it was officially announced that Dell and Perot Systems had entered into a definitive agreement for Dell to acquire Perot Systems for approximately $3.9 billion.
Additionally, former Perot/Dell employees founded Guide IT in 2013 (Scott Barnes, Jack Evans, John Furniss, Tim Morris, and Russell Freeman, later to include Chuck Lyles) with backing from Ross Perot Jr.
Dell sold the division to NTT Data in 2016.
In 2019, the conservative position starts life at either heartb
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Perot Systems competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| DXC Technology | 2017 | $13.7B | 130,000 | 291 |
| Intuit | 1983 | $16.3B | 10,600 | 1,202 |
| IBM | 1911 | $62.8B | 270,000 | 2,267 |
| Citrix | 1989 | $3.2B | 9,000 | 5 |
| VMware | 1998 | $13.4B | 31,000 | 2 |
| Palantir | 2003 | $2.9B | 2,000 | 358 |
| MicroStrategy | 1989 | $496.3M | 2,528 | 56 |
| Xerox | 1906 | $6.2B | 24,700 | 673 |
| Box | 2005 | $1.1B | 1,934 | 141 |
| Alphabet | 2015 | $350.0B | 156,301 | 5 |
Perot Systems history FAQs
Zippia gives an in-depth look into the details of Perot Systems, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Perot Systems. The employee data is based on information from people who have self-reported their past or current employments at Perot Systems. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Perot Systems. The data presented on this page does not represent the view of Perot Systems and its employees or that of Zippia.
Perot Systems may also be known as or be related to Perot Systems and Perot Systems Corp.