Provides Customers Extensive Capabilities in Enterprise IT Services and Business Solutions

Creates Dell Services Global Business Unit

Names Peter Altabef President of Dell Services

Dell today announced the successful completion of its tender offer for Perot Systems, an offer which expired Monday at midnight (EST). Dell has accepted the shares validly tendered and has notified Perot Systems of its exercise of its top-up option to acquire Perot Systems shares. As a result of the tenders and the top-up option exercise, Dell will own more than 90 percent of outstanding Perot Systems shares and expects to promptly complete the acquisition of Perot Systems, significantly expanding Dell's portfolio of technology services and business solutions. The 108,774,629 tendered shares represent about 87.7 percent of outstanding Perot Systems shares. An additional 3,961,266 shares were tendered by notice of guaranteed delivery.

Dell Services, a new business unit formed by the acquisition, will develop and deliver a best-in-class suite of end-to-end IT services and business solutions that reduce IT complexity and lower costs for customers.The integration of Perot Systems extends Dell Services into hosting, consulting, applications and business-process outsourcing, and expands Dell's existing managed and modular services. The combination leverages Perot Systems' capabilities across Dell's much larger customer base, spanning global corporations, government agencies, health care and educational institutions, and small and medium enterprises.

Dell Services will be one of the world's largest technology services organizations with more than 41,000 experienced and skilled technology- and business-services professionals and revenue of approximately $8 billion from enhanced services and support over the past four quarters.

Peter Altabef becomes president of Dell Services, reporting to Michael Dell, Dell chairman and chief executive officer. Mr. Altabef brings more than two decades of leadership experience to his new role, including the last five years as CEO of Perot Systems. In addition to previous Perot Systems operations, Mr. Altabef is responsible for Dell's commercial services”including consulting, sales, marketing, quality and customer relationship management functions”and the company's internal IT.

Dell expects the Perot Systems acquisition to be accretive to its GAAP earnings in fiscal year 2012. Dell reports the results of its fiscal third-quarter 2010 on Nov.