MCI Systemhouse

MCI Systemhouse, a subsidiary of Washington, DC-based MCI Communications Corporation, was the result of a 1995 $1 billion acquisition of Canadian company SHL Systemhouse and its subsequent integration with MCI's technical services branch. The new company was formed to provide systems integration and outsourcing services. SHL Systemhouse based in Ottawa, Ontario, had 1994 revenue of $1.2 billion (Canadian), or about $883 million at then current exchange rates. [1]

On February 11, 1999, MCI Systemhouse was acquired by EDS of Plano, Texas for $1.65 billion.[2][3] EDS was able to recoup almost 25% of the purchase price by selling SHL Systemhouse's stake in Commerce One for $400 million in January, 2000.[4] Prior to the acquisition, MCI Systemhouse was one of several entities that formed UML Partners, a group devoted to the development of the Unified Modeling Language (UML).

References

  1. ↑ http://www.apnewsarchive.com/1995/MCI-to-Acquire-SHL-Systemhouse-for-$1-Billion/id-feaa2ae99f147f83354a20d769fd18b9.html
  2. ↑ http://news.cnet.com/EDS%2C-MCI-in-17-billion-services-deal/2100-1017_3-221552.html
  3. ↑ http://www.crn.com/news/channel-programs/18802628/eds-retains-systemhouse-identity-for-canada.htm
  4. ↑ http://www.nytimes.com/2000/01/26/business/company-news-eds-to-sell-commerce-one-holding-for-400-million.html

http://www.apnewsarchive.com/1995/MCI-to-Acquire-SHL-Systemhouse-for-$1-Billion/id-feaa2ae99f147f83354a20d769fd18b9.html http://news.cnet.com/EDS%2C-MCI-in-17-billion-services-deal/2100-1017_3-221552.html http://www.crn.com/news/channel-programs/18802628/eds-retains-systemhouse-identity-for-canada.htm http://www.nytimes.com/2000/01/26/business/company-news-eds-to-sell-commerce-one-holding-for-400-million.html