Hewlett-Packard has announced that it is acquiring EDS, a move that may mean
good news for ExcellerateHRO.
On Tuesday, May 13, HP and EDS announced they had signed an
agreement for HP to acquire the Plano,Texas-based technology company for $13.9
billion, or $25 per share.
Industry observers say that if the merger goes through it would
provide a swath of new resources and potential clients for ExcellerateHRO, the
jointly owned HR outsourcing business shared by EDS and Towers Perrin.
ExcellerateHRO was formed in 2005, but hasn’t amassed many deals
in the past three years—causing many to wonder about the fate of the company.
But now that HP is buying EDS, the company could revamp
ExcellerateHRO into an HR outsourcing provider that would be competitive with the top
players in the market, experts say.
clipped from workforce.com
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