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Why CSC Has Set Its Sights on Acquiring Xchanging
(Continued from Prior Part)
CSC aims to widen its presence in Asia Pacific with UXC acquisition
In prior part of the series, we discussed how the acquisition of Xchanging would help CSC add to its IT and outsourcing capabilities. Recently, CSC has been on an acquisition spree. On November 24, 2015, CSC announced the acquisition of UXC, an Australia-based (EWA) IT services firm for approximately $308 million. UXC is an IT application, infrastructure, and consulting firm that caters to varied industries like healthcare, financial services, government, and energy. UXC stated that it received the proposal from CSC in October 2015. UXC claims that the company is in the top 1% of Microsoft (MSFT) Dynamics resellers globally. UXC’s partners also include Oracle (ORCL), SAP (SAP), and ServiceNow (NOW).
CSC aims acquisitions to boost and widen its offerings.
With the acquisition of UXC, CSC’s presence will be strengthened in the Asia-Pacific region. Commenting on the huge potential Asia-Pacific holds, Loic Le Guisquet, Oracle’s president of the Europe, Middle East, and Africa and the Asia-Pacific and China (MCHI) regions, stated, “strong economic growth and infinite possibilities that cloud technologies offer has created an unprecedented opportunity in Asia Pacific.”
In August 2015, Mike Lawrie, CEO of CSC, stated that as the company’s commercial business is splitting from the public sector business, CSC is on the lookout for a range of acquisition opportunities to shift from legacy projects like enterprise resource planning installations to get more involved in the rapidly growing cloud and big data offerings.
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