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Electronic Data Systems

Nation's leading information technology services firm.

Headquarters:
5400 Legacy Dr.
Plano, TX 75024
Employees: 131,000
CEO: Michael H. Jordan
Stock Symbol: EDS

Website: http://www.eds.com

Career Site

EDS stands for Electronic Data Systems and ithe world's second-largest information technology services company.

EDS provides technology and business outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, consumer and retail industries along with governments around the world.

The company manages more than 50,000 servers and supports more than 2.5 million desktops around the world. It also processes more than 1 billion health claims annually. About 40,000 employees are located overseas -- 25,000 in India.

EDS also owns the following companies:

ExcellerateHRO
ExcellerateHRO is a full-service human resources outsourcing (HRO) company providing services to more than 400 clients globally. ExcellerateHRO is the jointly owned HRO business of EDS and Towers Perrin, combining the technology and business process expertise of EDS with Towers Perrin's HR domain expertise. This combination uniquely positions ExcellerateHRO to help clients optimize their investments in HR processes and programs.
Injazat Data Systems
Injazat Data Systems is the jointly owned IT business of EDS and Mubadala Development Company. Its purpose is to provide IT and business process outsourcing services to the United Arab Emirates government, and oil and gas, utilities, financial services, transportation, telecom and healthcare sectors.
MphasiS Limited
MphasiS Limited operates as an independent EDS company. Based in Bangalore, India, MphasiS is a leading applications and business process outsourcing services company. Its 12,000 employees 11,000 in India serve more than 200 global clients in multiple industries, including financial services, transportation, technology, manufacturing and healthcare. MphasiS is particularly strong in the banking sector, serving the world's leading retail banks.
SOLCORP
EDS SOLCORP, a global business unit within EDS, is a leader in software solutions and consulting services for the Life Insurance and Wealth Management industry. With over 80 customers in 24 countries spanning 5 continents, and over 25 years serving the insurance industry, our product design, development, and implementation teams have accumulated unparalleled life insurance domain expertise and knowledge.
Wendover
Wendover handles all types of consumer loans in the United States, including auto loans, personal loans, and home equity loans and lines of credit. The company offers the full spectrum of loan servicing support loan origination, full servicing and default management services. Wendover also services commercial and private-label credit card portfolios.

EDS reported $21.2 billion in 2006 revenue and net income of $470 million.

History

Ross Perot founded EDS on June 27, 1962 by incorporating the company with the state of Texas for $1,000. He chose Electronic Data Systems from potential names he scribbled on a pledge envelope during a service at Highland Park Presbyterian Church in Dallas.

EDS would process data for companies like Frito-Lay using unused processing time on other companies' computers. EDS would also begin processing Medicare claims for the state of Texas in 1967.

General Motors agreed to buy EDS for $2.5 billion in 1984 and the company became a division of the auto giant. EDS would help launch the GM MasterCard in 1992, which would sign up 2.8 million accounts in the first three months.

GM spunoff EDS in 1996 and it became an indpendent company once again.

Benefits

Medical insurance coverage, dental, life, vision, 401K, stock purchase discounts.

Updated November 4, 2007