DXC Technology born from CSC, HPE merger
CSC and Hewlett Packard Enterprise will merge, with the new company to be called DXC Technology.
The combination of the two businesses will create an end-to-end IT services company with nearly 6000 clients in over 70 countries.
“With a mission of leading clients on their digital transformation journeys, DXC Technology will be recognised globally as a force multiplier, enabling clients to seize the opportunities presented by today’s rapidly changing technologies,” said CSC Chairman, President and CEO Mike Lawrie, who will serve as DXC Technology Chairman, President and CEO upon the close of the proposed merger.
The new company is expected to have $26 billion in annual revenue. Subject to final approvals, DXC Technology intends to list on the New York Stock Exchange under the ticker symbol DXC.
“DXC Technology will own a unique and highly differentiated value proposition,” said CSC Chief Marketing and Communications Officer Gary Stockman, who will serve in the same capacity at DXC Technology.
Until the completion of the merger, CSC and HPE ES will continue to operate under their current leadership structures as two separate organisations. All regulatory clearances that are a necessary condition to closing this merger have been secured, and the SEC registration process is ongoing.
Global brand strategy, design and experience firm Siegel+Gale is supporting the development of the new company brand and identity.
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