EDS Creates E-Business Venture Fund - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

EDS Creates E-Business Venture Fund

EDS, the $16.9 billion computer services company, today disclosed plans to form EDS-A.T. Kearney Ventures, a global corporate venture fund committed to spending up to $1.5 billion on business-to-business and Internet investments.

The move continues the company's transformation from an old-line firm with legacy-system expertise to an E-business service provider. In recent months, EDS has been working to increase its strengths in the Internet services arena, most recently forming a separate E-services division within its organization.

The move follows on the heels of similar announcements by Andersen Consulting and Cambridge Technology Partners. Earlier this week, Andersen said it will invest up to $1 billion during the next five years in Internet companies, and Cambridge said it will fund startups in return for an equity stake in their public offerings.

The fund will be headed by Rick deNey, EDS senior VP of corporate strategy and development, and David Asper, an A.T. Kearney VP.

At noon, EDS's stock was up 5/8 to 64-11/16.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Commentary
Why 2021 May Turn Out to be a Great Year for Tech Startups
John Edwards, Technology Journalist & Author,  2/24/2021
News
How GIS Data Can Help Fix Vaccine Distribution
Jessica Davis, Senior Editor, Enterprise Apps,  2/17/2021
Slideshows
11 Ways DevOps Is Evolving
Lisa Morgan, Freelance Writer,  2/18/2021
Register for InformationWeek Newsletters
Video
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll