Hewlett Packard said that it will change the name of its IT services business Electronic Data Services (EDS) to HP Enterprise Services. The name change comes a year after HP’s acquisition of EDS in a deal worth around $14 billion.
HP said in a statement that: “The name change marks the next major step in a year-long integration of EDS into HP and emphasizes the growing global role of enterprise technology services in HP’s portfolio.”
The company said that, to reflect the positive impact the EDS acquisition has made in expanding the breadth and depth of HP capabilities, the Technology Solutions Group will be renamed the HP Enterprise Business. Its portfolio includes servers, storage, software, networking and technology services. All HP Enterprise Business units will continue to report to Ann Livermore, executive vice president of HP.
Joe Eazor, senior vice president and general manager of HP Enterprise Services, said: “Our clients expect us to harness the full power of HP’s portfolio to solve their business challenges. Today we are combining the strong services brand equity that EDS has built over the last 47 years with HP’s technology leadership to become the leading IT services provider. We will continue to deliver the same service excellence that our clients have come to expect.”
During the third quarter of fiscal year 2009, the HP Enterprise Business accounted for 47% of the company’s revenue and 60% of its non-GAAP operating profit.
Separately, Mphasis, a remote infrastructure and business process outsourcing services provider, said that it will change its branding identity to become MphasiS, an HP Company. It would continue to operate as an independent subsidiary of HP with its own broad of directors.
