Perot Systems Corporation has acquired eServ, a leading provider of high-end product engineering outsourcing services, for $21 million. Perot may add another $7 million if the Illinois-based company can meet certain targets.

This acquisition expands Perot's outsourced engineering services for the automotive, manufacturing and industrial services segments. The company can now provide highly skilled, fully-trained engineers delivering complete product engineering services at a faster rate and lower cost.

Dave Sanders, Perot Systems vice president and Commercial Solutions group leader, said, "eServ is an excellent strategic fit for Perot Systems because of the company's depth of industry expertise, customer base, and the strong cultural fit. "We will now be able to provide high quality, cost-effective outsourced engineering services in addition to our range of applications, consulting, infrastructure and business process solutions."

James Richmond, chief executive officer of eServ, stated, "eServ is very proud of its achievements, which includes an average annual revenue growth rate in excess of 50 percent since our inception in 1999. By joining the Perot Systems family, we can bring our customers end-to-end business solutions, and add a global dimension to our capabilities to achieve faster time-to-market, reduced costs and increased revenue for our existing and future customers."

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