It seems like hardware technology giant Dell is trying to sell Perot Systems, a company it acquired in 2009 and an important component of its technology outsourcing business, for more than $5 billion. If the sale is successful, it would give Dell a means to raise money for the company's plan to acquire EMC, which is on the market for a whopping $67 billion, according to The Register.
Led by CEO Michael Dell and private equity firm Silver Lake Partners, the computer giant is trying to raise $10 billion through the sale of its non-core assets, which would, in turn, lessen the level of debt the company would incur once it completes its acquisition of EMC.
Private equity firms have also reported that apart from Perot Systems, which helps big businesses select and deploy the right information technology, other assets being considered for sale are Quest Software and SonicWall, two of Dell's previous acquisitions, reports Fortune.
In light of Perot System's impending sale, Dell has reportedly approached a number of prominent companies, most notably Tata Consultancy Services, an India-based technology consulting and services firm. Other potential buyers include Atos, a French IT outsourcing firm, Genpact, an IT firm based in New York, and CGI, a Canadian IT firm, according to Re/code.
Dell's list of buyers are no strangers to acquiring high-profile companies as part of their expansion. Just last year, Atos spent $1.05 billion to acquire Xerox's IT outsourcing business. In 2012, CGI also bought Logica, a British IT services firm, for $2.6 billion, making it Canada's largest tech firm by revenue ahead of Blackberry.
As of writing, spokesmen of both Dell and Silver Lake, as well as potential buyers TCS, Genpact, Atos and CGI, have declined to comment about the status of the Perot sale.
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