DXC Technology made its first acquisition this week, purchasing US-based Microsoft Dynamics 365 solution provider Tribridge and its managed cloud business Concerto Cloud Services.
Tribridge will become part of DXC Eclipse, an IT application, infrastructure and consulting business purchased in October 2015 for roughly US$300 million. Eclipse operates in Oceania, with an office in Sydney, and North America and employed some 3000 people at the time of its acquisition.
"The combination of Tribridge with DXC Eclipse significantly strengthens DXC's role as a leading Microsoft Dynamics 365 systems integrator, greatly enhancing our ability to address client needs," DXC chief executive Mike Lawrie said.
Tribridge offers mid-market and enterprise customers software services and cloud solutions in finance, customer engagement and human capital management. The company's Dynamics 365 software management is expected to enhance DXC's offerings in health care, state and local government, consumer packaged goods, and professional services. Tribridge employs 740 people.
"This acquisition reflects DXC's commitment to that shared goal [of] helping companies connect their data sources, drive intelligent decisions and optimise business processes with Dynamics 365," Judson Althoff, Microsoft's executive vice president of worldwide commercial business, said in a statement.
DXC's stock is up US$0.20 (0.26%) to US$76.15 in trading Wednesday. The US$26 billion, 170,000-employee company was formed in April through the merger of CSC with the Enterprise Services business of Hewlett Packard Enterprise. Financial terms of the Tribridge acquisition were not disclosed.
Through this deal, DXC will also gain access to Tribridge business unit Concerto Cloud Services, which provides advisory services and fully managed private, public and hybrid cloud offerings to clients and strategic channel partners in the mid-market. Tribridge launched Concerto in July 2011, and the business unit will now go to market as DXC Concerto.