EDS acquires a small IT consulting company

by Editor 5/27/2008 3:44:00 PM

Electronic Data Systems (EDS) has acquired the Feld Group, a small, privately held technology consulting company that helps technology businesses reorganize their operations. With the acquisition, EDS hopes to boost its outsourcing services.

EDS paid $89 million in cash and stock for the consultancy. The deal was announced on Monday.

EDS chief executive Mike Jordan said:

“We see tremendous growth opportunities in the business process outsourcing and business transformation services market, and the addition of the Feld Group will greatly enhance our offerings and expertise in the field.”

As part of the deal, EDS will get Feld’s information technology and business process implementation software as part of the deal. The company will keep most of Feld’s employees (about 60 of them) and several Feld executives will be given key roles at EDS.

Charlie Feld, founder of the Feld Group, will assigned to the position of executive vice-president of EDS’ portfolio management operations, while Feld’s CIO Steve Schuckenbrock will become executive vice-president of EDS’ global sales and client solutions operations.

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