TYSONS, Va.--(BUSINESS WIRE)--DXC Technology (NYSE: DXC), a new organization created by the merger of CSC with the Enterprise Services business of Hewlett Packard Enterprise (HPE), publicly debuted today as the world’s leading independent, end-to-end IT services company.
The new company today began trading on the New York Stock Exchange under the trading symbol “DXC.”
“Technology is transforming business and industry at an extraordinary pace, and DXC Technology will help clients to thrive on change,” said Mike Lawrie, DXC Technology chairman, president and chief executive officer. “Our goal is to produce greater value for clients, partners and shareholders, along with compelling career opportunities for our people.
“Together with our partners, we help clients harness the power of innovation to create new business outcomes,” Lawrie continued. “Our technology independence, extensive partner network, and world-class talent are core differentiators. We begin the new chapter in our journey knowing that collectively we have met the challenges of innovation many times before, and with a clear and confident vision for navigating the future.”
DXC Technology has established a differentiated operating model to deliver a seamless client experience as technology solutions are built, sold and delivered. With $25 billion in annual revenues, DXC Technology has nearly 6,000 enterprise and public sector clients in 70 countries, an expansive global partner network and approximately 170,000 employees.
Digital Offering Families, Deep Industry Experience, Partner Network, Global Footprint
With more than 60 years of experience serving the largest public and private enterprises in the most mission critical environments, DXC Technology delivers world-class digital offerings developed jointly with its Partner Network. These include Cloud, Workload, Platforms & ITO; Workplace and Mobility; Security; Analytics; Application Services; Enterprise and Cloud Apps; Consulting; Business Process Services; and Industry Software and Solutions.
In addition to exclusive IP for a variety of sectors including insurance, healthcare & life sciences, and travel & transportation, DXC Technology also has deep experience in aerospace & defense, automotive, chemical, communications, media & entertainment, consumer products & retail, energy, manufacturing and technology.
DXC Technology has established more than 250 industry-leading global Partner Network relationships, including 14 strategic partners: Amazon Web Services, AT&T, Dell EMC, HCL, HPE, HP, IBM, Lenovo, Micro Focus, Microsoft, Oracle, PwC, SAP and ServiceNow.
The new company will operate in six global regions: Americas; United Kingdom & Ireland, which includes Israel; North & Central Europe; Southern Europe; Asia, Middle East & Africa; and Australia and New Zealand. Its U.S. Public Sector business (USPS) provides IT services to U.S. federal, state and local governments. Its CeleritiFinTech joint venture with HCL Technologies serves banking and capital markets. DXC Technology subsidiaries include Fixnetix, Fruition Partners and Xchanging.
NYSE Listing – DXC First Day of Trading
Lawrie today rang the NYSE Opening Bell, kicking off the start of DXC stock trading on the public market, as well as employee celebrations in more than 150 locations worldwide. Click here for photo and video.
The company today also began a significant advertising campaign to introduce itself in the market.
Resources
- Corporate overview and infographic
- DXC Technology brand video
- March 29, 2017 Investor Day presentation
- DXC Technology logo
-
Related press releases:
- CSC Shareholders Vote Overwhelmingly in Favor of Merger with HPE Enterprise Services, March 27, 2017
- DXC Technology Revealed as Name for Combined CSC and HPE Enterprise Services Business Following Merger Completion, Feb. 15, 2017
- Board of Directors Named for New Company to be Formed by the Proposed Merger of CSC and the Enterprise Services Business of Hewlett Packard Enterprise, Feb. 3, 2017
- CSC Announces Merger with Enterprise Services Segment of Hewlett Packard Enterprise to Create Global IT Services Leader, May 24, 2016
Quote Page
DXC Technology is grateful to these clients,
partners and industry analysts who have provided comments on the debut
of DXC Technology.
Clients
Hector Calva, CIO, Coca-Cola FEMSA
“DXC Technology has the
combined power of two legends in the IT services industry. Coca-Cola
FEMSA is thrilled to have such a competent and confident partner with
the resources, global reach and scale to help apply the power of
technology and confidently support our digital transformation strategy.”
Richard Corbridge, CIO, Health Service Executive, Ireland
“Welcome
to DXC, we look forward to continuing our joint work to digitise
healthcare in Ireland. It’s an exciting time and great to see changes
that can be brought to benefit the eHealth Ireland mission.”
Linda Jojo, CIO, United Airlines
“I am really impressed with
the commitment and the passion that the team has for United […] They’re
some of the best experts in the industry […] This new company is going
to be completely different and better than the combination of the two.”
Pradeep Khurana, EVP & CIO, SBI Card
“HPE has been our
partner for over a decade, bringing together solution elements of
compute, storage, network and data center management. With increased
focus on services, DXC Technology is set to take it to the next level.”
Rodney Masney, VP, Technology Service Delivery, Owens-Illinois Inc.
“We
have had a great relationship with HPE Enterprise Services over the
years, which has delivered tremendous value to O-I. The
technology-enabled services they have delivered are instrumental to our
ongoing business operations and our ability to provide products and
services to our customers. Their SAP resources are second to none and it
is often difficult to tell where my team ends and theirs begins. I
deeply trust and respect the HPE ES team that we have had the privilege
to work with every day. The merger with CSC and the resulting new
company, DXC Technology, brings new dimensions and opportunities to our
business partnership.”
Nan Mattai, SVP, Engineering & Information Technology, Rockwell
Collins
"Congratulations to the DXC Technology team as you
embark on a whole new chapter as the world's largest pure-play IT
services company. The merger and formation of a new company with a very
different company name and branding demonstrates vision, creativity and
innovation. We look forward to continuing our strategic partnership with
DXC, leveraging the combined capabilities, expertise and scale to
deliver better business outcomes and greater value for our company.”
Kerryn Meredith-Sotiris, Education Manager Information Technology,
TasTAFE
“TasTAFE are really excited about the launch of DXC
Technology. It will provide access to even more capabilities to
strengthen our partnership and uniquely position TasTAFE to be among the
really privileged education institutions globally. Nowhere else is this
in place, and what a value proposition it provides both
organisations. Good luck on the launch and exciting times ahead for the
new pathways within the partnership.”
Krishna Kant Mishra, CIO, Everest Industries Limited
“It has
been a great journey and strong partnership with CSC. We are very
excited and looking forward to working with DXC Technology and taking
our relationship to the next level.”
Matt Peterson, SVP & CIO, Delphi
“DXC Technology’s
independence and level of expertise is exciting and we’re looking
forward to the value the new company will bring.”
Mike Restuccia, SVP & CIO, Penn Medicine
“Penn Medicine
welcomes and looks forward to further extending our partnership with
DXC. The combined resources of the newly formed DXC should bring added
service value to Penn Medicine as we look to advance our patient care
and research efforts.”
Luke van Leeuwen, Associate Director - Technology & Business
Services, The Fred Hollows Foundation
“Fred Hollows is a small
but global organization. As a key supplier that supports our activities
globally we look forward to continuing the relationship with DXC
Technology into the future.”
DXC Partner Network
Justin Battles, Vice President, Business Development Strategic
Ecosystem, SAP
“With a shared vision and strategy to innovate
and accelerate the world’s largest enterprises and government agencies
in their digital transformation journeys, SAP is proud to be one of
DXC’s premier strategic partners. DXC has the ability to deliver the
full suite of SAP applications and rapidly migrate customers to SAP
S/4HANA, helping them run simple in today’s digital economy.”
Steve Caniano, Vice President and Alliance Leader, AT&T Global
Solutions
"We’re excited to be one of DXC’s premier strategic
alliances to lead clients on their digital transformation journey. Our
highly secure global network and hybrid cloud solutions together with
DXC’s consulting and applications expertise offer businesses a new path
to innovation and accelerate their ability to move to the cloud.”
Jon Flaxman, Chief Operating Officer, HP Inc.
“We’re pleased
to congratulate DXC Technology on their launch. We look forward to a
collaborative and value-creating, trusted relationship with them.
Together with DXC Technology, we will deliver the most robust and secure
solutions that will amaze customers.”
Rick Gill, Vice President and General Manager, AT&T Global Solutions.
“Aligning
our worldwide infrastructure of collaboration solutions, data analytics,
applications, mobility, and software defined networking with DXC’s
global consulting and applications expertise will enable DXC’s clients
to manage their operations better and expedite their digital
transformation journey.”
Debbie Hughes, Global Vice President, DXC Alliance, IBM
“We
are delighted to be one of DXC’s premier strategic partners and look
forward to offering our extensive line of cutting-edge technology to
help them guide the world’s largest enterprises and government agencies
through their digital transformation journey. Our next-generation
technologies, combined with DXC’s deep industry knowledge, expedites
digital transformation, helping enterprises quickly modernize legacy
systems and maximize competitive strength that generates immediate
return on investment.”
John Leonard, Dynamics Lead – Microsoft Australia
“Congratulations!
This is an exciting time as the strength of two great businesses comes
together as DXC Technology. We look forward to continuing our long-term
relationship with you and the team as part of DXC.”
Victor Morales, VP, Enterprise Partners Microsoft
“We are
delighted to work with DXC as a strategic partner with the joint mission
of offering clients the integrated and innovative solutions they need to
succeed in a cloud-first world. Together, DXC and Microsoft will deliver
and deploy highly differentiated solutions in a wide array of industries
and environments that successfully address the complex needs of our
clients’ digital transformation journeys.”
David Schneider, Chief Revenue Officer, ServiceNow
"With
the ServiceNow System of Action, enterprises can replace unstructured
work patterns of the past with intelligent workflows of the future.
Our strategic partnership with DXC leverages their industry and services
expertise to help large organizations quickly build
the lightspeed enterprise. Now every employee, customer and machine can
make requests on a single cloud platform. This improves service levels,
energizes employees and delivers game-changing economics."
Kirk Skaugen, President Data Center Group, Lenovo
“Lenovo is
excited to partner with DXC to offer leading-edge enterprise solutions
spanning the data center to PC’s and devices. Customer-centric
innovation, simplicity and speed will be critical differentiators that
define the DXC/Lenovo strategic partnership. Lenovo prides itself on
being #1 in customer satisfaction in x86 servers and our relationship
with DXC will enhance and expand the breadth of these collaborations.”
C Vijayakumar, CEO, HCL Technologies Ltd.
“HCL is proud to
be part of DXC’s premier strategic partner program. HCL and DXC are
collaborating on modernizing Banking, Insurance and other legacy
environments thereby enabling our customers to embrace the technology of
the future.”
Industry Analysts
Crawford Del Prete, Chief Research Officer, IDC
“Digital
transformation is changing how we think about the application of
technology. Customers across all industries are creating new services at
breakneck speed. This year, revenue growth from digital products and
services is 2X that from traditional product portfolios. Professional
services companies make these changes possible. DXC Technology is
launching as an at-scale partner to help customers leverage the
incredible changes ahead.”
John Madden, Global Practice Leader for IT Services at Ovum
“Bringing
together two well-known and experienced IT services players into a
unified organization will give customers a strong new provider option as
the digital transformation trend continues in the market. DXC
Technology, as a pure-play services provider, can build on HPE
Enterprise Services’ and CSC’s successful histories in cloud, security,
application services, mobility and BPO throughout multiple vertical
industries with customers who are undergoing various stages of
transformation.”
Rachael Stormonth, Executive Vice President, NelsonHall
“DXC
Technology is an IT services giant with global reach and an extensive
portfolio. Forget what you knew a few years back about CSC or about HPE
Enterprise Services. Each has become leaner and fitter, and CSC has
benefited from a series of acquisitions in recent years that have
brought in new capabilities in digital and in industry-specific IP. The
new company is well positioned to be a dominant player in next
generation IT services and solutions.”
About DXC Technology
DXC Technology (DXC: NYSE) is the world’s leading independent, end-to-end IT services company, helping clients harness the power of innovation to thrive on change. Created by the merger of CSC and the Enterprise Services business of Hewlett Packard Enterprise, DXC Technology serves nearly 6,000 private and public sector clients across 70 countries. The company’s technology independence, global talent and extensive partner network combine to deliver powerful next-generation IT services and solutions. DXC Technology is recognized among the best corporate citizens globally. For more information, visit www.dxc.technology.