DXC Technology made its first acquisition on Wednesday, purchasing Microsoft Dynamics 365 solution provider Tribridge and its managed cloud business Concerto Cloud Services.
Tysons, Va.-based DXC, No. 11 on the CRN Solution Provider (SP) 500, said its acquisition of Tampa, Fla.-based Tribridge, No. 165 on the CRN SP 500, will enhance DXC's offerings in health care, state and local government, consumer packaged goods, and professional services. Tribridge employs 740 people and is a six-time Dynamics 365 Worldwide and U.S. Partner of the Year winner.
Tribridge will become part of DXC Eclipse, an IT application, infrastructure and consulting business purchased in October 2015 for roughly $300 million. Eclipse operates in Oceania and North America and employed some 3,000 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," Mike Lawrie, DXC chairman, president and CEO, said in a statement.
Tribridge offers mid-market and enterprise customers software services and cloud solutions in the areas of finance and operations, customer engagement and human capital management. The company's proprietary Dynamics 365 software management focuses on the health care, justice, and public safety verticals.
"This acquisition reflects DXC's commitment to that shared goal [of] helping companies connect their data sources, drive intelligent decisions and optimize business processes with Dynamics 365," Judson Althoff, Microsoft's executive vice president of worldwide commercial business, said in a statement.
Tribridge was one of just three companies selected in November 2011 to be a master VAR under the Microsoft Dynamics Master VAR program. This enabled small solution providers reselling Dynamics ERP applications to work directly with Tribridge rather than with Microsoft.
In addition to being a Dynamics 365 partner since 2004, Tribridge joined NetSuite's solution provider program in 2015. The company will now be known as Tribridge, a DXC Technology company.
"Enterprises are constantly demanding end-to-end integration with hybrid-cloud platforms to rapidly develop, deploy, execute and protect next-generation applications," Troy Richardson, DXC senior vice president and general manager enterprise and cloud applications, said in a statement. "The combined capabilities of DXC Eclipse and Tribridge offer clients a complete end-to-end solution."
DXC's stock is up $0.20 (0.26%) to $76.15 in trading Wednesday. The $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.