DXC Technology

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DXC Technology is an American multinational information technology (IT) services and consulting company headquartered in Ashburn, Virginia.[3]

History

DXC Technology was founded on April 3, 2017 when the Hewlett Packard Enterprise Company (HPE) spun off its Enterprise Services business and merged it with Computer Sciences Corporation (CSC).[4] At the time of its creation, DXC Technology had revenues of $25 billion, employed 170,000 people and operated in 70 countries.[5]

The spinoff from Hewlett Packard Enterprise did not include two parts of the Enterprise Services segment: the Mphasis Limited reporting unit and the Communications and Media Solutions product group.[4]

In India, the company started a three-year plan to reduce the number of offices in the country from 50 to 26, and reduce headcount by 5.9% (around 10,000) employees.[6] With about 43,000 employees (more than a third of its workforce) in India, the company is restructuring its workforce to meet its new revenue profile.[7]

In 2017, DXC split off its US public sector segment to create a new company, Perspecta Inc.[8]

Mike Salvino, the former Accenture chief group executive, was named president and CEO of DXC Technology in 2019.[9]

In February 2021, French technology services and consulting firm Atos ended talks for a potential acquisition of DXC.[10][11] Atos had proposed for US$10 billion including debt for acquisition.[12][13]

As of November 2021, DXC employed 134,000 in over 70 countries, including the United States, India, the Philippines, Central Europe and Vietnam.[14][15]

Acquisitions

In July 2017, DXC purchased enterprise software company Tribridge and its affiliate company Concerto Cloud Services for $152 million.[16][17]

In 2018, it announced additional acquisitions, including Molina Medicaid Solutions (previously part of Molina Healthcare), Argodesign and two ServiceNow partners, BusinessNow and TESM.[18]

In January 2019, DXC Technology acquired Luxoft. According to information from the SEC database, DXC Technology then owned 83% of Luxoft. The deal closed in June 2019.[19]

Programs and sponsorships

Dandelion Program

Piloted in Adelaide, Australia, in 2014, the DXC Dandelion Program has grown to over 100 employees in Australia,[20] working with more than 240 organizations in 71 countries to acquire sustainable employment for individuals with autism.[21] In June 2021, DXC piloted the Dandelion Program in the UK.

Sports

The company sponsored Team Penske[22] with 2016 Series Champion and 2019 Indianapolis 500 winner Simon Pagenaud, and in 2018 became title sponsor of IndyCar Series race DXC Technology 600.[23] DXC is also a partner of Australian Rugby Union team Brumbies.[24] In 2022, the company became the new sleeve sponsor for English football club Manchester United.

See also

References

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External links

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