Perot wins Moody's IT infrastructure services contract

Source: Perot Systems Corporation

Perot Systems Corporation (NYSE: PER) announced today that it has entered into a six-year agreement to provide infrastructure services to Moody's Corporation (NYSE: MCO), an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets.

Perot Systems will provide leading-edge processes, standards and technology to help Moody's achieve greater efficiencies and cost savings. By utilizing improved infrastructure and data management tools, Perot Systems will help advance Moody's to a best-in-class technology operation.

"Through this agreement, we will provide Moody's with flexible solutions to meet their needs and help them achieve operational excellence," said Eric Hutto, vice president of commercial solutions for Perot Systems. "We look forward to working with them to achieve greater results through availability of advanced technology."

"Choosing Perot Systems was a logical choice given there was such a strong cultural fit between the two organizations. In addition, the solutions being implemented by Perot Systems will help us achieve a new level of efficiency, allowing my team to focus on enabling Moody's growth through the strategic use of technology," said Perry Rotella, Senior Vice President and Chief Information Officer of Moody's Corporation.

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