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Electronic Data Systems Purchases Majority Interest in Saber PDF  | Print |  Email
By Warren Stewart, Verified Voting Foundation   
November 14, 2007
Electronic Data Systems, has announced the purchase of a majority interest in Saber Consulting. According to an EDS press release, EDS has agreed to purchase an approximate 93 percent equity interest in Saber Holdings, Inc., a leading provider of software and services to U.S. state governments, from various sellers, including majority shareholder Accel-KKR, for approximately $420 million in cash. Saber’s Chief Executive Officer Nitin Khanna and President and Chief Operating Officer Karan Khanna will retain an approximate 7 percent interest in Saber and continue to lead the company following the closing.

Based in Portland, OR, Saber was founded in 1997 and provides software and services for state and local government entities is 35 states, and has more than doubled its revenue each year since 2004. Saber’s Voter Registration & Election Management software, Electus, was designed specifically for compliance with the Help America Vote Act Section 303 requirements for statewide registration databases. According to VotingIndustry.com Saber has developed voter registration databases for Colorado, Iowa, Maryland, Mississippi, Missouri, Montana, Oregon, Wyoming and has a contract pending in New York.

EDS was established in 1962 by former presidential candidate Ross Perot. Headquartered in Plano, Texas, General Motors acquired the company in 1984 and it then became an independent company again in 1996. In 2006, it employed 117,000 people located in 58 countries and reported revenues of US$19.8 billion. EDS is ranked as one of the largest services companies on the Fortune 500 list.
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