EDS Gets New Name: HP Enterprise Services

HP wants to emphasize the growing role of services in its portfolio, according to Joe Eazor, senior vice president and general manager of the newly-named HP Enterprise Services.

"Our clients expect us to harness the full power of HP's portfolio to solve their business challenges," said Eazor in a statement. "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."

In addition, HP's Technology Solutions Group will be renamed HP Enterprise Business. The group includes HP Enterprise Services, as well as servers, storage, software and networking products and will continue to be led by Ann Livermore, executive vice president of HP.

During the third quarter of fiscal year 2009, the HP Enterprise Business accounted for 47 percent of HP's revenue and 60 percent of its non-GAAP operating profit, according to the company. All HP Enterprise Business units will continue to report to Ann Livermore, executive vice president of HP.

The unit now known as HP Enterprise Services reported $8.5 billion in revenue in the third fiscal quarter, about 31 percent of the company's total sales.

HP purchased EDS for $13.9 billion and has spent the last year integrating the business. This week, HP's rival, Dell, made its own services splash, agreeing to purchase Perot Systems for $3.9 billion. Coincidentally, Perot Systems founder Ross Perot also founded EDS, but left to start Perot Systems.