Close Menu
WashingtonExec
    Podcast Episodes
    LinkedIn Facebook X (Twitter) Instagram YouTube
    LinkedIn Facebook X (Twitter) Instagram YouTube
    WashingtonExec
    Subscribe To The Daily
    • News & Headlines
    • Executive Councils
    • Videos
    • Podcast
    • Events
      • 🏆 Chief Officer Awards
      • 🏆 Pinnacle Awards
    • About
    • Contact Us
    LinkedIn YouTube X (Twitter)
    WashingtonExec
    You are at:Home»News»Information Technology»DXC Technology to Merge U.S. Public Sector Unit with Vencore and KeyPoint Government Solutions
    Information Technology

    DXC Technology to Merge U.S. Public Sector Unit with Vencore and KeyPoint Government Solutions

    By Kate WalshOctober 11, 2017
    Share
    LinkedIn Facebook Twitter Email
    Mac Curtis, Vencore

    DXC Technology is combining its U.S. public sector business with Vencore Holding Corp. and KeyPoint Government Solutions, creating a publicly traded company to serve U.S. government customers.

    Vencore and KeyPoint are owned by affiliates of private equity firm Veritas Capital, which remains an investor in the new business. The expected completion of the new business is March 2018, subject to regulatory and other approvals.

    “Clients and investors in both the commercial and public sectors are recognizing the higher value of IT service providers with scale and differentiation,” said Mike Lawrie, DXC chairman, president and CEO. “Separating our global commercial and USPS business, and combining it with Vencore and KeyPoint, will accelerate transformation with two strategically focused companies, each uniquely positioned to lead its market by prioritizing the needs of its clients.”

    The new company, whose name is to be determined, will offer the U.S. federal government solutions in cybersecurity, big data analytics, cloud engineering, enterprise IT services, and systems engineering.

    “The combination of USPS’s enterprise IT leadership with Vencore’s deep mission understanding and advanced innovation will provide unmatched differentiation in the market,” said Ramzi Musallam, CEO and managing partner of Veritas Capital. “This new company will have the unparalleled expertise and breadth of capabilities to make it the trusted partner of choice supporting U.S. government clients with their most critical missions.”

    Vencore CEO and President Mac Curtis will become CEO of the new company. Marilyn Crouther, senior vice president and general manager at DXC USPS, will serve as the new company’s chief operating officer. Lawrie will chair the board of the new company.

    “Abracadabra, we have a new pure play public Govcon firm with the skill sets, management team and scale to be successful,” said Bob Kipps, managing director at KippsDeSanto & Co. “Kudos to Ramzi and Mac!”

    “This is a winning scenario for all parties involved. To have the creativity and initiative to construct this multi-billion dollar GovCon heavyweight, essentially overnight, is worthy of note and is the premise on which great stories are built,” said Mark HuYoung, managing partner at NorthWind Partners. “Blending two strong leadership teams smartly with Mac and Marilyn out front and having a deeply experienced board (to include Ramzi and Mike) should help in crafting the right strategic message and vision for the newly formed company’s brand moving forward and avoid missing any critical milestones out of the gates as a public entity. It will be exciting to see this deal completed and watch the company move into the market under a new banner in 2018.”

     

    Previous ArticleAT&T’s Kay Kapoor Steps Down
    Next Article Apcerto Gets $1.6M in DHS Funding for Research Mobile App Security

    Related Posts

    Translating Command to Corporate: John C. David’s Path from Navy Microbiologist to GovCon Transformation Leader

    SES Closes Intelsat Deal, Creating Satellite Giant with 120-satellite Fleet

    Top Pricing Execs to Watch in 2025: CACI’s Meryl Glidewell

    Comments are closed.

    LinkedIn Follow Button LinkedIn Logo Follow Us on LinkedIn
    2025 Chief Officer Awards - Winners Revealed
    Latest Industry Leaders

    Top DOD Execs to Watch in 2025

    Top Health Care Execs to Watch in 2025

    Load More
    Latest Posts

    Translating Command to Corporate: John C. David’s Path from Navy Microbiologist to GovCon Transformation Leader

    July 17, 2025

    SES Closes Intelsat Deal, Creating Satellite Giant with 120-satellite Fleet

    July 17, 2025

    Top Pricing Execs to Watch in 2025: CACI’s Meryl Glidewell

    July 17, 2025

    Top Pricing Execs to Watch in 2025: MTSI’s Susan Applegate

    July 17, 2025

    Gen. Glen D. VanHerck Joins C Speed Board of Directors

    July 17, 2025
    Quick Links
    • Executive Councils & Committees
    • Chief Officer Awards
    • Pinnacle Awards
    • Advertise With Us
    • About WashingtonExec
    • Contact
    Connect
    • LinkedIn
    • YouTube
    • Facebook
    • Twitter

    Subscribe to The Daily

    Connect. Inform. Celebrate.

    Copyright 2023 © WashingtonExec, Inc. | All Rights Reserved. Powered by J Media Group

    Type above and press Enter to search. Press Esc to cancel.