Vencore-DXC-KeyPoint combo gets its name: Perspecta

The pending combination of DXC Technology’s U.S. public sector business with Vencore and KeyPoint Government Solutions now has a name.

When the three-way deal closes in May the new entity will emerge under the brand of "Perspecta."

“In selecting the new company’s name and brand, it was important to represent the optimism and excitement around the unique value that this combined entity will deliver to government customers,” said Vencore’s president and CEO Mac Curtis, who will serve as CEO of Perspecta.

The name reflects the company’s focus on innovation and a deep understanding of customers, Curtis said.

“We will pursue smart, creative and collaborative approaches to solving the nation’s most complex challenges,” he said.

DXC Chairman, President and CEO Mike Lawrie said that the combination will bring a full set of capabilities and a strong track record to the market.

“Perspecta will be an innovative leader in addressing the evolving mission needs of public sector customers,” he said.

The three-way deal, which has DXC spinning out its U.S. public sector business and merging it with Vencore and KeyPoint to create a new publicly traded company, was announced in October. It was originally scheduled to close this month but more time was needed to hire an accounting firm.

The new company will have about $4.3 billion in annual revenue and 14,000 employees. Its capabilities cover cyber, big data analytics, cloud computing, enterprise IT, systems engineering and background investigation services.

In addition to Curtis serving as CEO, Lawrie will take on the role of chairman of the combined company. Marilyn Crouther, who runs DXC U.S. public sector business, will serve as chief operating officer.