M&A Deal Summary

DXC Technology Acquires Hewlett Packard Enterprise - Enterprise Services Business

On May 24, 2016, DXC Technology acquired information technology company Hewlett Packard Enterprise - Enterprise Services Business from Hewlett Packard Enterprise for 8.5B USD

Acquisition Highlights
  • This is DXC Technology’s 11th transaction in the Information Technology sector.
  • This is DXC Technology’s largest (disclosed) transaction.
  • This is DXC Technology’s 22nd transaction in the United States.
  • This is DXC Technology’s 4th transaction in California.

M&A Deal Summary

Date 2016-05-24
Target Hewlett Packard Enterprise - Enterprise Services Business
Sector Information Technology
Buyer(s) DXC Technology
Sellers(s) Hewlett Packard Enterprise
Deal Type Merger
Deal Value 8.5B USD

Target

Hewlett Packard Enterprise - Enterprise Services Business

Palo Alto, California, United States
Hewlett Packard Enterprise's Enterprise Services Business is a global provider of IT services to diverse set of customers.

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Buyer(S) 1

Buyer

DXC Technology

Ashburn, Virginia, United States

Category Company
Founded 1959
Sector Information Technology
Employees130,000
Revenue 13.7B USD (2024)
DESCRIPTION

DXC Technology is an end-to-end IT services company, serving nearly 6,000 private and public sector clients from a diverse array of industries across 70 countries. The company's technology independence, global talent and extensive partner network help clients harness the power of innovation to thrive on change and guide their digital transformation journeys. DXC Technology was founded in 1959 and is based in Ashburn, Virginia.


DEAL STATS #
Overall 28 of 44
Sector (Information Technology) 11 of 23
Type (Merger) 1 of 1
State (California) 4 of 4
Country (United States) 22 of 25
Year (2016) 2 of 4
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 UXC

Melbourne, Australia

UXC Ltd. is an end-to-end IT services company.

Buy AU$428M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-02 Racemi

Atlanta, Georgia, United States

Racemi, Inc. is a provider of image based provisioning software for data center consolidation and disaster recovery. Racemi, Inc. was established in 2000 and is based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

Hewlett Packard Enterprise

Spring, Texas, United States

Category Company
Founded 2015
Sector Information Technology
Employees60,200
Revenue 29.1B USD (2023)
DESCRIPTION
Entrance to a Hewlett Packard Enterprise office in Sunnyvale, California.
Entrance to a Hewlett Packard Enterprise office in Sunnyvale, California.

Hewlett Packard Enterprise (HPE) is a global enterprise information technology company that offers a variety of products, services, and solutions to businesses and organizations. Its portfolio includes cloud computing solutions, servers, storage, networking equipment, and a range of IT services aimed at helping customers optimize their IT operations, secure their operations, and accelerate digital transformation. HPE focuses on delivering solutions that enable businesses to improve their efficiency, scale their operations, and innovate in their respective markets. HPE was founded in 2015, as a result of the splitting of the original Hewlett-Packard Company into two separate companies, with HPE focusing on the enterprise technology infrastructure, software, and services segments. HPE is headquartered in Spring, Texas.


DEAL STATS #
Overall 2 of 6
Sector (Information Technology) 1 of 2
Type (Merger) 1 of 1
State (California) 1 of 3
Country (United States) 2 of 6
Year (2016) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-21 TippingPoint Technologies

Austin, Texas, United States

TippingPoint Technologies, Inc. is a manufacturer of IT security solutions. TippingPoint's UnityOne Intrusion Prevention Systems offer automated protection against cyber attack, with technology that can scale to gigabit speeds.

Sell $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-11 Silicon Graphics International

Milpitas, California, United States

Silicon Graphics International Corp.is a high-performance computing manufacturer, producing computer hardware and software. Its initial market was 3D graphics computer workstations, but its products, strategies and market positions fluctuated, and the company had its ups and downs over time. SGI products and services are used for high-performance computing (HPC) and big data analytics in the scientific, technical, business and government communities to solve challenging data-intensive computing, data management and virtualization problems.

Buy $275M