"Business is not just doing deals," businessman turned politician Ross Perot once said. But deals to buy computer companies he started are reshaping the tech industry.
Silicon Valley computer giant Hewlett-Packard is rebranding Electronic Data Systems as HP Enterprise Services, roughly a year after buying the company in a blockbuster $13.9 billion deal.
The buyout of EDS, founded by Perot, more than doubled the size of HP's technology services business and made it the second-largest company in the market behind IBM.
HP cast the renaming Wednesday as an important step in integrating the company, a process that has included nearly 25,000 layoffs.
It comes as rival Dell is set to make a similar push into technology services, buying Perot Systems, another Ross Perot company, for $3.9 billion. Perot Systems, like EDS, specialized in sales of technology services to government agencies, but it's a much smaller business than Perot's first tech-services company.