HP Enterprise Services (formerly EDS)
NEWS AND UPDATES
ABOUT THIS COMPANY:Independent no more
When Electronic Data Systems (EDS) shareholders accepted a bid of $13.8 billion from Hewlett Packard (HP) in August 2008, the company drew a close to its more than 40 years of operation as an independent entity in the IT services field. Upon entering the HP fold, the two firms announced more than 24,000 layoffs over the following three years to speed their integration and, in December 2008, announced the latest phase of that process: as of January 2009, EDS will be a business unit within HP’s technology solutions group. EDS CEO Ron Rittenmeyer retired on December 31, 2008 and September 2009, the company was renamed HP Enterprise Services.
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