COSTA MESA, Calif., Dec. 21, 2006 (PRIME NEWSWIRE) -- Electronic Data Systems Corporation has acquired Global Enterprise Management Solutions, LP. Transaction terms were not disclosed.
RSM EquiCo Capital Markets initiated the transaction, led the negotiations, and acted as the exclusive financial advisor to Global Enterprise Management Solutions.
"The acquisition of Global Enterprise Management Solutions gives Electronic Data Systems a significant advantage in the deployment of SAP enterprise management software, CRM solutions, and the capability to deliver on large SAP engagements as a prime contractor," said Brian Boyle, managing director of RSM EquiCo Capital Markets. "Additionally, the acquisition allows for greater speed to market for EDS by tapping into Global Enterprise Management Solutions' high level, India-based expertise of SAP solutions."
About RSM EquiCo Capital Markets
RSM EquiCo Capital Markets LLC (www.rsmequico.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
As specialists in facilitating mergers and acquisitions, providing access to capital markets and offering fairness opinions, RSM EquiCo Capital Markets plays an unusual role in the underserved "middle-market" field by providing advisory services on both the buy-side and sell-side. These services include facilitating the acquisition of North American companies and raising capital for a wide variety of purposes, ranging from acquisitions and leveraged buyouts to balance sheet restructuring.
RSM EquiCo Capital Markets is licensed by the SEC and all state securities authorities, and is a member of the NASD and SIPC.
The firm's international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, New York, and London.
About Global Enterprise Management Solutions, LP
Global Enterprise Management Solutions ("GEMS") is a certified SAP value-added partner serving clients primarily in the IT services, assembly/manufacturing, logistics and transportation industries. GEMS offers IT solution development, implementation consulting and solution reselling services for clients looking to deploy SAP. As part of the acquisition, approximately 150 GEMS employees in Dallas, India and Germany will transition to EDS, including development staff, SAP consultants and technology architects.
About Electronic Data Systems Corporation
Electronic Data Systems Corporation (NYSE:EDS), with a market capitalization of $14.3 billion and revenues of $20 billion, is a leading global technology services company employing 117,000 persons in the United States and other countries around the world. EDS, which founded the information technology outsourcing industry more than 40 years ago, today delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, health care, communications, energy, transportation, consumer and retail industries, as well as to governments around the world.