CSC and HPE Enterprise Services Division Complete Merger to Form DXC Technology
NEWS RELEASE — APRIL 03, 2017
TYSONS, Va., April 3, 2017 – The previously announced merger between CSC and the Enterprise Services Division of Hewlett Packard Enterprise (NYSE: HPE) to form DXC Technology Company has been completed, effective April 1, 2017.
DXC Technology (NYSE: 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.
“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,” said Mike Lawrie, DXC Technology chairman, president and chief executive officer. “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 plans a series of global launch activities beginning this morning, with employee events at more than 150 sites and an inaugural advertising campaign to introduce the new company to the marketplace.
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