Six-Year Agreement Extends Presence In the Financial Services Industry
PLANO, Texas, May 19 /PRNewswire-FirstCall/-- Perot Systems Corporation
(NYSE: PER) announced today that it has entered into a six-year agreement
to provide infrastructure services to Moody's Corporation (NYSE: MCO), an
essential component of the global capital markets, providing credit
ratings, research, tools and analysis that contribute to transparent and
integrated financial markets.
Perot Systems will provide leading-edge processes, standards and
technology to help Moody's achieve greater efficiencies and cost savings.
By utilizing improved infrastructure and data management tools, Perot
Systems will help advance Moody's to a best-in-class technology operation.
"Through this agreement, we will provide Moody's with flexible
solutions to meet their needs and help them achieve operational
excellence," said Eric Hutto, vice president of commercial solutions for
Perot Systems. "We look forward to working with them to achieve greater
results through availability of advanced technology."
"Choosing Perot Systems was a logical choice given there was such a
strong cultural fit between the two organizations. In addition, the
solutions being implemented by Perot Systems will help us achieve a new
level of efficiency, allowing my team to focus on enabling Moody's growth
through the strategic use of technology," said Perry Rotella, Senior Vice
President and Chief Information Officer of Moody's Corporation.
About Moody's Corporation
Moody's is an essential component of the global capital markets,
providing credit ratings, research, tools and analysis that contribute to
transparent and integrated financial markets. Moody's Corporation (NYSE:
MCO) is the parent company of Moody's Investors Service, which provides
credit ratings and research covering debt instruments and securities and
Moody's Analytics, which encompasses the growing array of Moody's
non-ratings businesses, including Moody's KMV, a provider of quantitative
credit analysis tools, Moody's Economy.com, which provides economic
research and data services, and Moody's Wall Street Analytics, a provider
of software for structured finance analytics. The corporation, which
reported revenue of $2.3 billion in 2007, employs approximately 3,600
people worldwide and maintains a presence in 29 countries. Further
information is available at http://www.moodys.com.
About Perot Systems
Perot Systems is a worldwide provider of information technology
services and business solutions. Through its flexible and collaborative
approach, Perot Systems integrates expertise from across the company to
deliver custom solutions that enable clients to accelerate growth,
streamline operations and create new levels of customer value.
Headquartered in Plano, Texas, Perot Systems reported 2007 revenue of $2.6
billion. The company has more than 23,000 associates located in North
America, Europe, MENA and Asia. Additional information on Perot Systems is
available at http://www.perotsystems.com/.
This press release contains forward-looking statements that are subject
to known and unknown risks and uncertainties that could cause actual
results to differ materially from those expressed or implied by such
statements. For factors that could affect our business and cause actual
results to differ materially, please refer to our Annual Report on Form
10-K for the fiscal year ended December 31, 2007, as filed with the U.S.
Securities and Exchange Commission and available at http://www.sec.gov/, as
updated in our Quarterly Reports on Form 10-Q filed after such Form 10-K,
for additional information regarding risk factors. We disclaim any
intention or obligation to revise any forward-looking statements whether as
a result of new information, future developments, or otherwise.
MEDIA CONTACTS:
PEROT SYSTEMS CORPORATION
Karen Modlin
+1 972 577 3597
karen.modlin@ps.net
SOURCE Perot Systems Corporation
 back to top
Related links:
http://www.perotsystems.com
http://www.moodys.com
http://www.prnewswire.com/comp/122686.html /
CONTACT:
Karen Modlin of Perot Systems Corporation,
+1-972-577-3597, karen.modlin@ps.net
|
