DXC Technology
Acquisitions
3
Major Deals Covered
$2.2B
Disclosed Deal Value
DXC Technology's largest disclosed acquisition here is Luxoft for $2B in 2019. This page covers 3 major deals from 2017 to 2020, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| Tribridge | 2017 | $152.0M | DXC Technology acquired Tribridge in 2017 for $152 million. |
| Luxoft | 2019 | $2.0B | Acquired digital engineering and custom software development firm Luxoft to enhance digital transformation capabilities. |
| Virtual Clarity | 2020 | Undisclosed | Acquired cloud transformation advisory firm Virtual Clarity to accelerate enterprise migrations to AWS, Azure, and Google Cloud. |
2020
Acquired cloud transformation advisory firm Virtual Clarity to accelerate enterprise migrations to AWS, Azure, and Google Cloud.
Equipped DXC with specialized cloud economics and modernization architectures for Fortune 500 financial institutions.
Strengthened DXC's Cloud and Modern Infrastructure offering, improving hybrid cloud customer retention.
2019
$2.0B
Acquired digital engineering and custom software development firm Luxoft to enhance digital transformation capabilities.
Brought deep domain software engineering expertise across financial services, automotive connected cockpits, and healthcare.
Luxoft became DXC's primary high-margin digital engineering consulting arm, offsetting declines in legacy IT outsourcing.
2017
$152M
DXC Technology acquired Tribridge in 2017 for $152 million.
DXC's strategy is defensive: help clients move to the cloud and stabilize its own revenue. It cannot stop clients leaving on-premise systems, so it aims to be the firm that carries out the migration, working with AWS, Google Cloud and Microsoft Azure. It is also pushing into higher-margin digital engineering and cybersecurity to replace revenue lost from its shrinking infrastructure business.
DXC sells IT outsourcing and consulting to businesses and governments. It reports two segments. Global Infrastructure Services (GIS) is the older business of managing data centers and employee devices for large organizations. Consulting & Engineering Services (CES) advises clients on analytics, engineering and cloud migration and is the growth area. The company signs multi-year contracts and delivers much of the work through an offshore workforce, a large part of it in India.
In April 2017, Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise completed a tax-free 'Reverse Morris Trust' merger valued at $8.5 billion, creating DXC Technology as a $25 billion IT services giant.
In June 2019, DXC acquired digital engineering leader Luxoft for $2.0 billion, instantly adding 13,000+ top software developers, digital architects, and custom software capabilities in automotive, banking, and life sciences to create Consulting & Engineering Services.
DXC acquired healthcare IT providers (including Molina Medicaid Solutions), later selling its healthcare provider software business to Dedalus Group in 2021 for $525 million in cash to sharpen its core enterprise IT focus and pay down corporate debt.
DXC acquired Tribridge (one of the world's largest Microsoft Dynamics 365 systems integrators) to establish 'DXC Eclipse', a premier global practice delivering cloud-based enterprise ERP, CRM, and supply chain solutions.
DXC acquired specialized cybersecurity firms, including Syscom, Virtual Clarity, and security engineering teams, to expand its managed security operations centers (SOCs) and cloud threat intelligence capabilities.
In January 2021, French IT services firm Atos made an unsolicited $10 billion takeover proposal to acquire DXC Technology. Following financial evaluation, DXC's board rejected the bid as inadequate and undervalued, and Atos subsequently withdrew the offer.
DXC focuses on capital discipline: avoiding large debt-funded acquisitions, prioritizing targeted tuck-in digital engineering and AI talent acquisitions within Luxoft, and allocating excess cash flow toward debt reduction and share buybacks.
DXC integrates acquired platforms into its global sales pipeline, offering certified software solutions (such as Luxoft automotive software and DXC insurance engines) directly to its Fortune 500 clients enterprise clients.
To desperately pivot away from dying legacy IT contracts, DXC executed a massive $2 billion acquisition of Luxoft in 2019. Luxoft brought massive, high-end digital engineering and software development capabilities, especially in the automotive and financial sectors.
Compare corporate acquisition records, deal values, and strategic targets
Explore DXC Technology
Core profile pages, founders and related research hubs for this company.