The Reasons: Bigger, Better, And Aimed At The Future
The planned merger of Hewlett Packard Enterprise's Enterprise Services unit into CSC will not only create a $26 billion solution provider powerhouse, but is also aimed squarely at where the business of technology services is heading, the CEOs of both firms said last week.
CSC's Mike Lawrie and HPE CEO Meg Whitman announced the deal on each company's earnings call last week, stating that the merger will create a company that will focus on next-generation solutions, such as cloud and mobility.
The resulting new entity will have an estimated 5,000 clients across 70 countries and achieve first-year cost savings of $1 billion, according to CSC.
"This merger truly moves the combined businesses into the upper echelon of global IT services players," Lawrie said.
What 10 things do you need to know about the deal? Read on.