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Tags: acquisitions, hp , eds
HP has just acquired technology outsourcing firm EDS confirming that they wereplanning a merger. Reasons as to why HP did purchase EDS are explained in the press release. However, without the flowery words, it may be because HP is not doing well with their outsourcing branch, or HP is taking a huge step into the future.
HP is known for printers and computers. However, there is just so much they can get from that business so they too are into outsourcing, providing IT services to companies who can't afford or find it more efficient than doing it in-house.
Some say that HP just wants to get even with IBM. Whichever the reason, HP's merger with EDS will surely give them a foothold in the outsourcing market against IBM and Accenture.
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