Source: http://www.zdnet.com/article/dxc-technology-to-emerge-from-csc-and-hpe-enterprise-services-merger/
DXC Technology, the new $26 billion IT services company formed by the merger of CSC and HPE
Upon the closing of the proposed merger between Computer Sciences Corp (CSC) and the Enterprise Services business of Hewlett Packard Enterprise (HPE), the new organisation will be renamed to DXC Technology before it begins its journey as a $26 billion IT services giant.
The completion of the merger is slated for April 3, 2017, which will see DXC Technology list on the New York Stock Exchange under the ticker symbol DXC, subject to final approvals.
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Current CSC chairman, president, and CEO Mike Lawrie will serve as DXC Technology chairman, president, and CEO upon the close of the impending merger.
"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," Lawrie said in a statement on Wednesday.
"The DXC Technology brand will be built on a foundation of trust and transformation, and a relentless drive to help clients thrive on change. We will focus on producing greater value for clients, partners and shareholders, along with growth opportunities for our people."
Until the completion of the merger -- which has received all necessary regulatory clearances, with SEC registration still ongoing -- CSC and HPE ES will continue to operate under current leadership structures as two separate organisations.
With the enterprise services unit spun out of HPE, CEO Meg Whitman will take a board seat at DXC Technology. As a result, it is expected the pared down HPE will focus on cloud and datacentre infrastructure.
At the time the merger was announced, Lawrie said the merger would provide opportunities to both companies, which only have a 15 percent overlap in accounts.
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