Wednesday, April 5, 2017

CSC and HPE merge to form DXC Technology

The merger between CSC and the Enterprise Services Division of Hewlett Packard Enterprise (HPE) completed and set up a new company which called as DXC Technology.

Also read: ABB acquired Austrian firm B&R for an undisclosed amount

DXC Technology (DXC), the world's leading independent, end-to-end IT services company, will ring the Opening Bell and begin trading today on the New York Stock Exchange under symbol “DXC.” Beginning today, DXC Technology will become a member of the S&P 500 index.

DXC Technology chairman, president and chief executive officer Mike Lawrie said, With the successful close of our transaction, we are standing up a company that is ideally suited to meeting the needs of a rapidly changing technology marketplace. We are looking forward delivering on our promise of producing greater value for clients, partners and shareholders, along with growth opportunities for our people.

DXC Technology serves nearly 6,000 private and public sector clients across 70 countries and having around 170,000 employees.

SVP, Head of Commercial Delivery and India Co-Head, DXC Technology Samson David said, We need to move people depending on cost, skill sets, customer needs and because of which there will be some employees who will fall behind the curve. We will re skill them and not everyone will make the move forward.



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