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Buyer Backs Out of Bankruptcy and Drives into Financial Success by Outsourcing Everything IT | Article

Buyer Backs Out of Bankruptcy and Drives into Financial Success by Outsourcing Everything IT | Article

Vanguard had hit a red light: it had to declare Chapter 11 bankruptcy. The light changed to green when investors purchased its assets out of bankruptcy and outsourced its IT and IT-related business processes to Perot Systems, who cut its IT budget in half. Today Vanguard is driving in high gear and making money.