HPE Completes Spin-off and Merger of its Enterprise Services Business with CSC
April 04, 2017
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Hewlett Packard Enterprise (HPE) has successfully completed the previously announced separation of its Enterprise Services business and merged it with Computer Sciences Corporation (CSC) to create DXC Technology.

As planned, HPE will now execute a clear and ambitious strategy based on three key pillars: First, making hybrid IT simple through secure, software-defined offerings that enable customers to move data seamlessly across their traditional data centers, private and public cloud environments. Second, redefining IT outside of the data center by powering the emerging intelligent edge that will run campus, branch, and Industrial IoT applications. Third, providing the world-class expertise and flexible consumption models to help customers transform their IT environments.

“The close of this transaction leaves HPE with a crystal clear mission, tied directly to the solutions our customers and partners tell us they want most,” said Meg Whitman, President and CEO of Hewlett Packard Enterprise. “I am also particularly proud that this transaction will deliver approximately $13.5 billion in value to HPE and its stockholders, which is almost sixty percent higher than when it was first announced last year.”

To provide the expertise and financial services support customers need, HPE will retain and continue to invest in Pointnext, its technology services organization that draws on the expertise of more than 25,000 specialists in 80 countries to support customers across Advisory and Transformation Services, Professional Services and Operational Services. These teams collaborate with businesses worldwide to speed their adoption of emerging technologies, including cloud computing and hybrid IT, big data and analytics, the Intelligent Edge and Internet of Things (IoT).

HPE will also maintain a strong relationship with DXC, with agreements in place to support current customers and to grow business over time. Meg Whitman will join the board of DXC. In addition, HPE will build valuable new partnerships with other leading IT services companies.

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