Combination of DXC, Vencore, and Keypoint to be known as Perspecta
Perspecta will be the name of the new company formed by the proposed merger of the U.S. Public Sector Business of DXC Technology with Vencore Holding Corporation and KeyPoint Government Solutions when the transaction closes, it was announced on March 8.
The name reflects the breadth and depth of the new capabilities and expertise that the combined company will bring to public sector customers, helping them to address critical national security and information-related challenges and opportunities.
The March 8 announcement revealed the company name and logo. The full launch of the new brand will take place with the debut of the new company, which is expected in May 2018.
The strategic combination of the three complementary businesses, which was announced in October 2017, will create a mission-enabled, end-to-end IT services and mission solutions provider to government customers at the U.S. federal, state and local level.
“Perspecta will fill a unique market position in the government contracting space by offering a full spectrum of complementary capabilities, leveraging a strong track record of performance and innovation, and providing access to an unmatched team of highly skilled employees,” said DXC Technology chairman, president and CEO, Mike Lawrie, who will serve as the chairman of Perspecta upon the close of the proposed merger. “With a diversified customer base, Perspecta will be an innovative leader in addressing the evolving mission needs of public sector customers.”
“In selecting the new company’s name and brand, it was important to represent the optimism and excitement around the unique value that this combined entity will deliver to government customers,” said Vencore’s president and CEO, Mac Curtis, who will serve as CEO of Perspecta. “The name Perspecta does just that. With a keen focus on innovation and a deep understanding of our customers, we will passionately pursue smart, creative and collaborative approaches to solving the nation’s most complex challenges.”
Until the completion of the merger, DXC USPS, Vencore and KeyPoint will continue to operate under their current leadership structures as three separate organizations. All regulatory clearances that are a necessary condition to closing the merger have been secured, and the SEC registration process is ongoing.