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Perot Systems Corporation
Mindy Brown
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Vision Healthsource
Manish Jain
phone: 98410-38446
manishj@vision-healthsource.com

Perot Systems Corporation
2300 W. Plano Parkway
Plano, Texas 75075 972.577.0000
www.perotsystems.com

PEROT SYSTEMS COMPLETES ACQUISITION OF VISION HEALTHSOURCE, INC. AND VISION HEALTHSOURCE INDIA PRIVATE LIMITED

Plano, Texas — August 8, 2003 — Perot Systems Corporation (NYSE: PER) today announced that it completed the acquisition of Vision Healthsource India Private Limited and Vision Healthsource, Inc. -- collectively known as “Vision” -- a leading provider of billing and claims solutions for healthcare service providers in the United States.

With this acquisition, Perot Systems establishes a healthcare processing capability in India as part of the company’s healthcare transformation strategy and global service delivery model.

"We are excited to join the Perot Systems family,” said Vision founder and CEO Anurag Jain. “With Perot Systems’ established leadership presence and Vision's offshore capability in healthcare, we can provide a cost-effective and complete end-to-end solution to our customers. For our employees, it provides an opportunity to be part of a global corporation and opens exciting new avenues for growth."

Vision’s approximately 500 employees will become a part of Perot Systems’ healthcare group, the company’s largest industry group.

“Our value to the healthcare industry includes driving administrative savings to help providers and payers fund quality, safety and consumer health initiatives,” said Chuck Lyles, Perot Systems vice president and Healthcare group leader. “With Vision’s cost effective processing capability, we have enhanced our ability to deliver on this value.”

Perot Systems agreed to acquire Chennai-based Vision in July 2003 for an aggregate value up to US$10 million – US$3 million in cash at closing and an additional US$7 million if certain performance targets are met through 2006. For the 12 months ending December 2002, Vision had revenues of approximately US$2.4 million.

About Vision Healthsource, Inc.

In 1997, recognizing the high monetary and human resource cost to businesses performing transaction services, Vision pioneered outsourced transaction processing for the U.S.-based healthcare industry. Today, Vision is a leading provider of billing, receivables and claims business process outsourcing solutions for healthcare service providers. Vision’s proven, low-cost, state-of-the-art outsourced processing capabilities in Chennai, India take full advantage of quality business processes and the highly skilled workforce and economic leverage in the region.

About Perot Systems

Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2002 revenue of $1.3 billion. The company has more than 10,000 associates located in North America, Europe, and Asia. Additional information on Perot Systems is available at www.perotsystems.com.

Perot Systems Healthcare is one of the largest providers of full-service IT operations in the hospital industry, managing significant relationships with four of the top 20 U.S. health systems. More than 4,000 employees from the Healthcare Industry Group serve both the for-profit and not-for-profit healthcare marketplace, providing integrated end-to-end technical and business solution services. Perot Systems healthcare clients represent more than 300 healthcare providers, thousands of caregivers, 200 health insurance organizations, as well as leading biopharmaceutical and healthcare supply chain companies.

This press release contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "forecasts," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions. Actual events or results may differ materially. In evaluating all forward-looking statements, you should specifically consider various factors that may cause actual results to vary from those contained in the forward-looking statements, such as: risks associated with negotiating and exiting contractual relationships; risks associated with the Company’s expectation that the actions discussed in this press release will provide a stable base of earnings; risks associated with expanding earnings from new sales; as well as other risks, including the loss of major clients; deterioration of project and consulting-based revenue and profit; the Company’s ability to achieve future sales; changes in its UBS relationship and variability of revenue and expense associated with its largest customer, as well as other clients; risks associated with the portion of client revenue and profits representing spending above contractual minimums, which could be deemed as discretionary by clients and result in lower revenue and earnings for the Company with limited notice; the current and future performance of client contracts; risks associated with non-recoverable cost overruns on software development contracts; growing start-up businesses; the highly competitive market in which the Company operates; the variability of quarterly operating results; the reliance on estimates that involve successful completion of future actions; guaranteed purchase agreements; changes in technology; changes to accounting methods; risks associated with developing software for client use and for resale purposes; risks associated with acquisitions and divestitures, and risks related to international operations. Please refer to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2002, as filed with the U.S. Securities and Exchange Commission and available at www.sec.gov, for additional information regarding risk factors. The Company disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.

 
   
 
   
  Media Relations Contact:

Manish Jain
Manager
Marketing/Sales support
+91-9841038446

 


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