DENVER ? September 27, 2001 ? Qwest Communications International (NYSE: Q), the broadband communications company, and Perot Systems Corporation (NYSE: PER), a worldwide provider of information technology services and business solutions, today announced that they have signed a strategic alliance with a $20 million agreement to jointly address the hosting and managed services marketplace.
Through this relationship, the companies will combine Qwest?s worldwide Internet network and its 16 North American CyberCenters(sm) with Perot Systems? integration, application maintenance and technology infrastructure management capabilities. Perot Systems will bundle Qwest?s vast array of technology and networking offerings into its global service offerings, which are expected to generate approximately $20 million of revenue for Qwest.
?Perot Systems looks forward to this opportunity to combine its full complement of business solutions with Qwest?s world-class network services, thus providing our customers with best-in-class service,? said Derrell James, vice president, Perot Systems? Global Infrastructure Services Group. ?As a full-service provider of technology services, it is our objective to work with the finest providers of technology products and services.?
?Qwest is constantly seeking ways to touch customers and add further value to solutions we provide them,? said Joel Arnold, Qwest executive vice president for global business markets. ?Perot Systems? vast expertise in professional services, coupled with Qwest?s industry-leading portfolio of network services and solutions, will provide customers with the best in service and technology.?
Perot Systems integrates its consulting, systems integration, application development and infrastructure service capabilities into custom offerings that help clients achieve their business objectives. In providing these services, Perot Systems partners with leading communications and technology organizations to provide best-of-breed products and services. For fiscal year 2000, Perot Systems earned more than $1.1 billion of revenue with more than $550 million of revenue coming from infrastructure, business process and application-management services.
Qwest Communications International Inc. (NYSE: Q) is a leader in reliable, scalable and secure broadband data, voice and image communications for businesses and consumers. The Qwest Macro Capacity® Fiber Network, designed with the newest optical networking equipment for speed and efficiency, spans more than 113,000 miles globally. For more information, please visit the Qwest Web site at www.qwest.com.
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 Dallas, Texas, Perot Systems has more than 400 clients and reported 2000 revenue of $1.1 billion. The company has more than 8,000 Associates located in the United States, Europe, and Asia. Additional information on Perot Systems is available at http://www.perotsystems.com.
PEROTSYSTEMS and the PEROTSYSTEMS logo are trademarks of Perot Systems Corporation and are registered in the United States and other countries.
This release may contain projections and other forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Qwest with the Securities and Exchange Commission, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including potential fluctuations in quarterly results, volatility of Qwest?s stock price, intense competition in the communications services market, changes in demand for Qwest?s products and services, dependence on new product development and acceleration of the deployment of advanced new services, such as broadband data, wireless and video services, which could require substantial expenditure of financial and other resources in excess of contemplated levels, higher than anticipated employee levels, capital expenditures and operating expenses, rapid and significant changes in technology and markets, adverse changes in the regulatory or legislative environment affecting Qwest?s business, delays in Qwest?s ability to provide interLATA services within its 14-state local service territory, adverse conditions in the economy nationally and within its territory, failure to maintain rights of way, and failure to achieve the projected synergies and financial results expected to result from the acquisition of U S WEST timely or at all and difficulties in combining the operations of Qwest and U S WEST. This release may include analysts? estimates and other information prepared by third parties for which Qwest assumes no responsibility. Qwest undertakes no obligation to review or confirm analysts? expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
The Qwest logo is a registered trademark of, and CyberCenter is a service mark of, Qwest Communications International Inc. in the U.S. and certain other countries.