Mag honchos

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Possible Answers: EDS.

Last seen on: LA Times Crossword 15 Jul 2018, Sunday

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 was founded in 1962 by H. Ross Perot.[1]


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In its early years, it 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.[2] 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.

In the 1970s, EDS expanded initially into more insurance services and later credit unions, and by 1975 revenue topped $100 million and the company began bidding for work internationally. In 1978 EDS expanded into financial markets with the arrival of automated teller machines, electronic funds transfers and real-time point-of-sale terminals. Meyerson was named president in 1979, at which point EDS had revenue of $270 million, was free of debt, and had 8,000 employees.

EDS on Wikipedia