Dell to buy Perot Systems for $3.9 bn

DELL - The world's number one PC maker, has finally put its healthy cash balance to use by agreeing to buy IT company Perot Systems for about USD 3.9 billion in cash. Dell said it expects the deal to add to its earnings from the fiscal 2012 and the deal may close in the November to January quarter.

Perot systems said it expects the healthcare vertical to be a major focus of the merged entity.

Michael Dell, Chairman and Chief Executive Officer, Dell, said, "Dell, Perot Systems combine will create USD 8 billion services company. Perot Systems' capability will help Dell reach wider customer base."

Ross Perot Junior, Chairman, Perot Systems, said, "We are teaming up with Dell to help Perot Systems reach into China and India. Perot Systems plans to make Dell a services powerhouse."