Introduction
I’m interested in DXC Technology, a new tech company that was formed by merging three other companies. The deal is worth $ 1.11 billion and is expected to close by the end of next year. This will create the world’s largest independent IT services company. CSC specializes in cloud computing and cybersecurity services. EDS was the data management company founded by Ross Perot in 1962 while HPE specializes in infrastructure services, application modernization and business process outsourcing (BPO).
Three companies are merging here to form DXC Technology (DXC).
DXC Technology (DXC) is the result of the merger of CSC, EDS, and HPE.
The three companies are combining their $56 billion in revenue to create a global IT services powerhouse with over 400,000 employees and more than 100 acquisitions already under its belt. It’s headquartered in Tysons, Virginia with operations around the globe.
DXC reported revenue of $25 billion for its fiscal year ended January 31st 2017—that was just two months ago!
Computer Sciences Corporation (CSC), Electronic Data Systems Corporation (EDS) and Hewlett Packard Enterprise (HPE) will be combined.
The New York-based company will be called DXC Technology and be based in Arlington, Virginia. It will specialize in cloud computing and cybersecurity services, as well as among the other lines of business that its parent companies had offered.
The three former rivals have been working together since January 2015 on an agreement to merge their businesses. The resulting company will be one of the largest technology service providers globally with $30 billion in annual revenue, more than 600,000 employees and operations in 160 countries.
The deal is worth $ 1.11 billion.
The deal is worth $ 1.11 billion. The combined company will have a market value of $ 34 billion and a workforce of over 400,000 people. With sales of over $ 29 billion in 2017, the deal could make DXC Technology one of the largest tech companies in the world.
It is expected that the deal will close by the end of next year.
It is expected that the deal will close by the end of next year.
The financial terms of the deal were not disclosed.
How will this affect customers and employees? This is still unclear.
It’s too early to say how this will affect customers or employees, but it could potentially be good news for them if they see better access to high-quality services at lower prices through increased competition in their industry.
This will create the world’s largest independent IT services company.
DXC Technology will be the largest independent IT services company in the world. The deal is worth $ 1.11 billion, and it’s expected to close by the end of next year. DXC will be headquartered in Plano, Texas—the home of its final parent company, Computer Sciences Corporation (CSC). CSC bought EDS in 2014 for $ 8 billion but has struggled since then to integrate EDS’ operations into its own. This move should help smooth things over as both become part of DXC.
CSC specializes in cloud computing and cybersecurity services.
CSC specializes in cloud computing and cybersecurity services. The company provides outsourced IT solutions, including managed services, infrastructure management, application development, and cybersecurity.
Cloud computing is a type of outsourcing that provides shared resources such as software or hardware over an Internet connection. Cloud computing can also be referred to as software as a service (SaaS), platform as a service (PaaS), or infrastructure as a service (IaaS).
EDS was the data management company founded by Ross Perot in 1962.
EDS was the data management company founded by Ross Perot in 1962. At its peak, EDS employed more than 110,000 people and had offices in over 80 countries. In 2008 EDS was bought by Hewlett Packard (HP) for $13.9 billion and later sold to DXC Technology (DXC), an IT services firm based in Plano, Texas, for $23 billion.
HPE specializes in infrastructure services, application modernization, and business process outsourcing.
HPE specializes in infrastructure services, application modernization, and business process outsourcing. The company is keeping its financial services and cloud software businesses as well as its personal computer and printing divisions.
HPE has a strong presence in the federal government space, with over $3 billion of contracts with federal agencies. It also has a large number of customers outside the US.
HPE is keeping its financial services and cloud software businesses as well as its personal computer and printing divisions.
HPE is keeping its financial services and cloud software businesses as well as its personal computer and printing divisions.
Xerox’s stock price has been falling since the deal was announced, which suggests that investors aren’t happy with it either. Xerox is trading at $12 per share, down from $21 before the deal was announced in January 2016.
DXC Technology looks to be a strong competitor
DXC Technology looks to be a strong competitor. The company is the largest independent IT services company in the world, with about $25 billion in revenue for 2015 (and growing). It was created by a combination of three companies: CSC, EDS and HPE. The combination made DXC a $15 billion business with over 400,000 employees worldwide.
DXC Technology has an impressive portfolio of technology solutions including: cloud computing; cybersecurity; digital transformation; software development and modernization; infrastructure management services; managed applications hosting; managed identity and access management products such as SecureKey™ by SecureKey Technologies Inc.; security information event management products such as Ounce Labs™ by Ounce Labs Inc.; ERP solutions such as SAP® Business Suite powered by SAP HANA® or SAP S/4HANA® or Microsoft Dynamics 365 for Finance & Operations or Microsoft Dynamics 365 for Sales & Customer Service
Conclusion
A lot of people are worried about what this merger will mean for them, especially if you work for one of the companies that is being combined into it. However, I think that DXC Technology looks like it will be a strong competitor in the IT services industry and could help lead us into a new era of technology advancement.
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