CSC and HP's Services division rebrand as DXC Technology

28 April 2017

Following the successful close of the deal between CSC and HP's spun off Enterprise Services, DXC Technology was recently added to the S&P 500. The merged business has also undergone a new branding initiative, including a new logo, in line with its changed name.

Late 2015 Hewlett-Packard split into two companies, HP, which spanned its PC and printing business, and Hewlett Packard Enterprise (HPE), which contained its services unit and industrial-grade server computers business. Late last year part of HPE further spun off its its IT consulting and services group (‘Enterprise Services’), which was acquired by CSC.

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The deal was a relatively large one: Enterprise Services had revenues at the time of around $26 billion and more than 5,000 clients, 85 delivery centres and 95 data centres across 70 countries, and created one of the world’s largest pure-play IT services companies. The integration is projected to generate considerable synergies, in the order of $1 billion of immediate savings, with $1.5 billion per annum counted on in subsequent years.

The merger, whose completion date was set for March of this year, was recently completed. The new entity recently began trading on the S&P 500 index as DXC Technology, under the symbol “DXC.” The launch of the merged entity comes with new a branding, for which many of the firm’s employees, across 150 sites, were introduced to an inaugural advertising campaign.

“With the successful close of our transaction, we are standing up a company that is ideally suited to meeting the needs of a rapidly changing technology marketplace,” says Mike Lawrie, DXC Technology Chairman, President and Chief Executive Officer. “We are looking forward delivering on our promise of producing greater value for clients, partners and shareholders, along with growth opportunities for our people."


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SQW Group purchases property-based regeneration consultancy

19 April 2019

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”