the original electronic data systems . for the current corporate entity see hp enterprise services . electronic data systems eds last known eds logo former type division of hp industry information technology services fate acquired by hp founded june 27 1962 as electronic data systems founder h. ross perot defunct september 23 2009 headquarters plano texas usa products computer services revenue us 22.1 billion 2007 number of employees 136 000 parent general motors 1984 1996 hewlett packard 2008 2015 hewlett packard enterprise 2015 present website eds.com electronic data systems eds was an american multinational information technology equipment and services company headquartered in plano texas . contents 1 history 2 company structure 2.1 acquisitions 2.2 revenue sources 2.3 locations 2.4 company sponsorships 3 services 3.1 partners 4 major clients 5 client contract controversies 6 see also 7 references history edit electronic data systems was founded in 1962 by h. ross perot . 1 in its early years it was a pioneer in facilities management becoming the it department for many companies as well as beginning to service banks and provide early support for both medicaid and medicare in its home state of texas . 2 leading the effort internally was morton h. meyerson who joined the company in 1966 as the company s 54th employee . in 1967 he proposed the business model that eventually became known as outsourcing and which led to exponential growth for eds . in the 1970s eds expanded initially into more insurance services and later credit unions and by 1975 revenue topped 100 million and the company began bidding for work internationally . in 1978 eds expanded into financial markets with the arrival of atms electronic funds transfers and real time point of sale terminals . meyerson was named president in 1979 at which point eds had revenue of 270 million was free of debt and had 8 000 employees . in the 1980s they expanded into travel services supporting payment services between travel agents and airlines represented by the air transport association of america and provided large scale contracts for the us military . in 1984 the company was acquired by general motors for 2.5 billion with eds becoming a wholly owned subsidiary of gm . meyerson remained president and in 1985 the company had a presence in 21 countries with 40 000 employees . meyerson retired in 1987 . during his years of executive leadership eds revenue grew to 4 billion a year and the company went to 45 000 employees . by the end of the decade revenue was 5 billion . in the 1990s in addition to its existing markets eds was entering the telecommunications industry and was providing it systems in many foreign countries . they were providing information systems for global sporting events including the 1992 barcelona olympics the 1994 fifa world cup and the 1998 fifa world cup . in 1994 they signed what was at the time the largest information technology contract with xerox for 3.2 billion and also bought the new zealand banking processing company databank systems . in 1995 they purchased a.t. kearney the world s 4th largest private management consulting firm . in 1996 they became an independent company again and relisted on the new york stock exchange . before the turn of the century they took part in over 1 300 year 2000 projects . in 2000 eds launched a new logo with an award winning super bowl commercial about herding cats . 3 post 2000 they continued to sign long term billion dollar contracts with organizations such as bank of america american airlines general motors kraft foods and the united states navy . in 2006 they sold a.t. kearney in a management buyout . on may 13 2008 hewlett packard co. confirmed that it had reached a deal with eds to acquire the company for 13.9 billion . 4 the deal was completed on august 26 2008 . eds became an hp business unit and was temporarily renamed eds an hp company . ronald a. rittenmeyer eds chairman president and ceo remained at the helm and reported to hp ceo mark hurd until his retirement . 5 in december 2008 hp announced that rittenmeyer would retire at the end of the month . 6 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 which was a critical milestone as the integration of eds into hp neared completion . 7 company structure edit eds headquarters in plano texas . eds in tower 500 at the renaissance center in detroit michigan 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 . acquisitions edit source 8 in june 2006 eds acquired a majority holding in mphasis a leading applications and business process outsourcing bpo services company based in bangalore india . in march 2007 eds acquired relq ltd a testing company based in bangalore india . in november 2007 eds announced that it had agreed to purchase an approximate 93 percent equity interest in saber corp. a leading provider of software and services to u.s. state governments from various sellers including majority shareholder accel kkr for approximately 420 million in cash . saber became saber government solutions after merging with other eds state and local non healthcare groups . in january 2009 it rebranded as eds an hp company . in april 2008 eds acquired vistorm holdings limited a provider of information assurance and managed security services based in the u.k. the acquisition will create one of the largest information assurance and managed security services firms in europe . 9 in may 2008 hp and eds announced that they had signed a definitive agreement under which hp would purchase eds at a price of 25.00 per share or an enterprise value of approximately 13.9 billion . the terms of the transaction were unanimously approved by the hp and eds boards of directors . the transaction closed on 26 august 2008 . the companies collective services businesses as of the end of each company s 2007 fiscal year had annual revenues of more than 38 billion and 210 000 employees doing business in more than 80 countries . in september 2009 hp purchased lecroix systems and incorporated it into the infrastructure of eds to facilitate both in house and client network security needs . revenue sources edit for 2006 9.6 billion of revenue came from the americas canada latin america and the united states ; 6.4 billion from europe middle east and africa ; 1.5 billion from asia pacific ; citation needed services revenue was infrastructure 12 billion applications software 5.9 billion business process outsourcing 3 billion and all other 421 million . eds announced the expansion of its sap consulting practice 10 by collaborating with sap on client engagement training and techniques that will drive the long term growth of its consulting practice eds will further enhance its existing sap capabilities and bring end to end sap consulting and systems integration to the market by early 2008 . additionally eds will work closely with sap s global partner and ecosystem group for market penetration and value added customer offerings . locations edit eds campus in plano texas eds operated in 64 countries 11 with the largest numbers of employees in the cities of detroit michigan usa ; dallas fort worth texas usa ; s o paulo brazil ; washington d.c. usa ; toronto ontario canada ; rome italy ; paris france ; adelaide australia ; philadelphia pennsylvania usa ; sydney australia ; blackpool uk ; sacramento california usa ; tyneside uk ; and barcelona spain . other major facilities were in argentina australia belgium brazil canada egypt germany hungary india israel italy mexico netherlands new zealand south africa spain and the united kingdom . eds s plano texas campus is located about 20 miles 30 km north of downtown dallas . the campus consists of 3 521 000 square feet 327 000 m of office and data center space on 270 acres 1.1 km of land . the campus included four tier iv data centers a command center four clusters of office buildings a fitness center a service station four helipads and a hanger . it is the center of the 2 665 acre 11 km legacy in plano 12 real estate development which eds built . company sponsorships edit eds sponsored the premier league association football team derby county from 1998 to 2001 . eds was the title sponsor of the pga tour s eds byron nelson championship from 2003 to 2008 played in nearby irving texas . in 2009 it became the hp byron nelson championship . the tournament raises about 6 million each year for youth and family service centers in dallas texas . eds signed a sponsorship agreement in 2007 with nobel media to become a global sponsor of the nobel prize series and with nobel web to become its global technology services partner . the three year agreement enables eds to apply its technology expertise for the benefit of the nobel prize series and the organization s web technologies including supporting the development of content on nobelprize.org nobel s award winning website . eds sponsored f1 team jaguar racing . services edit eds cataloged its services into three service portfolios ; infrastructure applications and business process outsourcing . 13 infrastructure services includes maintaining the operation of part or all of a client s computer and communications infrastructure such as networks mainframes midrange and web servers desktops and laptops and printers . applications services involves the developing integrating and or maintaining of applications software for clients . business process outsourcing includes performing a business function for a client like payroll call centers insurance claims processing and so forth . partners edit eds established a number of business alliances 14 with other companies through its global alliance program . the company has three types of alliances agility alliances solution alliances and technology alliances . the eds agility alliance has worked on a range of projects notably its agile enterprise . members of the eds agility alliance include cisco systems emc corporation microsoft oracle corporation sap sun microsystems symantec and xerox . major clients edit most of eds s clients were very large companies and governments that need services from a company of eds s scale . eds s largest clients included rolls royce plc general motors bank of america arcandor kraft united states navy the uk ministry of defence and royal dutch shell although general motors announced plans to move 90 % of its it work back in house over the next 3 to 5