First American IT company Board Meeting in India - importance of India seen in historic Perot systems board meeting

Perot Systems (NYSE: PER), the Plano, Texas-based IT, BPO and consulting concern, is expected to underscore the importance of India and the Asia-Pacific region to its long-term growth strategy at a meeting of its Board of Directors in Bangalore later this week. The meeting is historic, as it is probably the first Board meeting of a major U.S. multinational IT corporation in India. In bringing the Board to India to review its corporate strategy, Perot Systems is signaling its commitment to seizing the global opportunities in the technology services industry.

As part of that commitment, Perot Systems now holds land for future expansion of its existing facilities, which are in Bangalore, Noida and Chennai. The company has 13 acres of land in Bangalore, 25 acres in Noida and recently significantly expanded its facilities in Chennai. These significant holdings highlight the company's focus on India as a key driver for business and as a source of talent. Perot Systems is fully aware of India's competitive human resource pool and diverse skill-sets and hence plans an aggressive recruitment posture, casting a wider net and looking at a broader spectrum of colleges and universities across the country. This, coupled with land banking, will provide scalability for future growth.

Other highlights of the India visit included the announcement and official induction of Mr. Anuroop (Tony) Singh (Member, Board of Directors) and Ms. Padma Ravichander (Senior Executive - India/Asia-Pacific Region, Managing Director - Technology Services) into Perot Systems.

Commenting on the emergent business opportunities for India, Mr. Ross Perot Jr., Chairman - Perot Systems said, "The Board of Directors of Perot Systems is here as a result of the hard work that has gone into building a strong global business. The company has achieved a lot in a relatively short time frame, but in many ways we are only just beginning to reach our potential, given the opportunities before us and the strength of our capabilities -- especially in India."

Perot systems President and CEO Peter Altabef said, "Perot Systems'' India operations are a cornerstone of our emerging global delivery model of integrated IT, BPO and consulting solutions. It is important for the Board to meet here as work to provide more solutions for our customers, opportunity for our employees, and value for our shareowners."

Source : Media Release Compiled by : Abijith I P