500 Job Source
Nation's leading information
technology services firm.
5400 Legacy Dr.
Plano, TX 75024
CEO: Michael H. Jordan
Stock Symbol: EDS
EDS stands for Electronic Data Systems
and ithe world's second-largest information technology services
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 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
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 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.
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
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.
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.
Medical insurance coverage, dental, life,
vision, 401K, stock purchase discounts.
Updated November 4, 2007