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Last seen on: LA Times Crossword 4 May 21, Tuesday
Random information on the term “EDS “:
Electronic Data Systems (EDS) was an American multinational information technology equipment and services company headquartered in Plano, Texas.
Electronic Data Systems (EDS) was founded in 1962 by H. Ross Perot, a graduate of the United States Naval Academy and a successful IBM salesman who firsthand observed how inefficiently IBM’s customers typically were using their expensive systems. Somewhat to IBM’s chagrin, since the company sold as many computers as possible, Perot made a fortune changing this. An early success was in matching the unused computer time at Southwestern Life Insurance Company with the computing needs of rapidly expanding Collins Radio, both located in Dallas, Texas. Perot knew the inside details of both companies.
In its early years, EDS was a pioneer in facilities management (becoming the IT department for many companies) as well as beginning to service banks and provide early support for both Medicaid and Medicare in its home state of Texas. Leading the effort internally was Morton H. Meyerson, who joined the company in 1966 as the company’s 54th employee. In 1967, he proposed the business model that eventually became known as “outsourcing” and which led to exponential growth for EDS.