What you need to know as Perspecta opens for business
When the bell rings on Wall Street Friday morning, the deal to merge DXC Technology's U.S. government business, Vencore and KeyPoint will officially be complete.
A new entity -- "Perspecta" -- will step into the market through one of the bigger deals of the year.
Vencore CEO Mac Curtis will be CEO of Perspecta. Marilyn Crouther, who ran DXC's U.S. public sector business, will become chief operating officer. And DXC CEO Mike Lawrie will be Perspecta's chairman.
We believe the deal could have a bigger impact on the market than the creation of DXC itself last ear when Computer Sciences Corp. merged with the services business of Hewlett Packard Enterprise.
I say that because the CSC-HPE deal did not create a new entity for the federal market. CSC had already jettisoned its government business with the creation of CSRA (now part of General Dynamics.) The CSC-HPE deal just rebranded HPE’s government services as DXC.
But now that the DXC federal business is combined with Vencore and KeyPoint Government Solutions, it creates something truly new moving forward under the Perspecta brand.
We’ve written extensively about the deal and will continue to follow Perspecta closely. Here is a round up of what we've done so far.
IP and R&D will set Perspecta apart from peers, execs say
Top leaders at Perspecta unveil to Wall Street the strategy for positioning the new company and how they see it differentiating from the competition.
Vencore-DXC-KeyPoint combo gets its name: Perspecta
The name seeks to reflect Perspecta's focus on innovation, deep understanding of customers and how the company seeks a collaborative approach with them.
DXC pushes back closing of Vencore-Keypoint deal
DXC CEO Mike Lawrie tells investors the company is delaying closure until May as it needed more time to get an accounting firm in place to audit the U.S. government business.
Federal antitrust officials clear DXC-Vencore-Keypoint deal
DXC gets the regulatory green light from the Federal Trade Commission to proceed on the transaction.
DXC plans three-way deal to spin, then merge government business with Vencore, KeyPoint
Our first story on the deal when the news broke, including analysis and perspective on how the different pieces there were coming together.
The roots run deep for DXC-Vencore-KeyPoint combination
This was my contribution and it is review of the various pieces that have come together considering how many acquisitions DXC and Vencore have made. KeyPoint also has its own unique history.
The rationale beyond the DXC-Vencore-KeyPoint deal
Ross Wilkers’ analysis of the different threads that are being pulled together to create this new, as-yet-to-be named company.
How will DXC-Vencore-KeyPoint combo attack the market?
More by Ross to try and answer the question of how this new company will go to market.
Posted by Nick Wakeman on May 31, 2018 at 12:45 PM