For more than a decade, DXC Technology and Veritas have jointly invested in and collaborated on innovative solutions that unify data management for environments of all sizes, including hyperlarge, complex enterprises. DXC Technology is selling off its state and local health and human services business to Veritas Capital for $5 billion in cash which it says it … Ninety-four percent of Fortune 100 DXC Technology (NYSE: DXC) today announced that it has completed the sale of its U.S. State and Local Health and Human Services business to Veritas Capital, a leading investor in government and healthcare technology businesses, to form Gainwell Technologies. everywhere your information travels. For additional information concerning Veritas Capital, please review Veritas Capital Fund Management, L.L.C.’s Form ADV Part 1 and Part 2A. Patent Marking. Save Search . Previously, he was a Principal at Stonington Partners and began his private equity career in 1992 at Merrill Lynch Capital Partners. A transcript of the conference call will be posted on DXC Technology’s Investor Relations website. Veritas Capital is a logical buyer. approach to multi-cloud data management provides protection, availability and insight DXC Technology had $19.6 billion in revenue in 2020, according to Bloomberg data. Veritas Capital, a leading investor in … DXC Technology is selling its U.S. State and Local Health and Human Services Business to Veritas Capital for $5.0 billion, the IT consulting firm disclosed on March 10. The firm’s first fund closed in 1998. Veritas solutions focus on information, not infrastructure. That transaction led to the … Take full advantage of industry-leading data management and backup capabilities from Veritas across your DXC-managed cloud deployments to increase reliability, reduce costs, minimize complexity and meet compliance requirements. technologies and the expertise of our Professional Services advisors to lead you toward DXC Data Platform created with partners Pure Storage and Veritas, enables high-velocity data processing and storage across data center network and cloud environments. Workload Portability, Storage Veritas Capital is a New York-based private-equity firm founded in 1992 that invests in companies that provide critical products and services, primarily technology-enabled products and services, to government and commercial customers worldwide. maximize the value of your information. Separately, DXC also pulled … Meanwhile, in March 2020, DXC Technology sold its US State and Local Health and Human Services Business to Veritas Capital for $5.0 billion. DXC Technology to Sell U.S. State and Local Health and Human Services Business to Veritas Capital for $5.0 Billion Veritas and DXC expect to close this transaction, which was previously announced on March 10, 2020, on October 1, 2020. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means. This as-a-service digital platform enables anytime, anywhere access to data, fast consumption, improved processes and lower operational costs. Locations, Corporate This as-a-service digital platform enables anytime, anywhere access to data, fast consumption, improved processes and lower operational costs. DXC Technology (NYSE: DXC) today announced that it has completed the sale of its U.S. State and Local Health and Human Services business to Veritas Capital, a leading investor in government and healthcare technology businesses, to form Gainwell Technologies.. DXC intends to use the net proceeds from the $5 billion cash consideration to strengthen its balance sheet … strategic priorities become our new capabilities. “The intersection of government, technology and healthcare is a key focus area for Veritas. Veritas and DXC expect to close this transaction, which was previously announced on March 10, 2020, on October 1, 2020. Services, Our Guggenheim Securities and J.P. Morgan acted as financial advisors and Latham & Watkins LLP acted as legal advisor to DXC. Veritas Capital is a New York-based private-equity firm founded in 1992 that invests in companies that provide critical products and services, primarily technology-enabled products and services, to government and commercial customers worldwide. information—their most important digital asset. DXC Technology’s U.S. State and Local Health and Human Services business is an end-to-end provider of technology enabled, mission critical solutions that are fundamental to the administration and operations of health programs throughout the United States. DXC can rapidly migrate the right workloads to the cloud, modernize applications and securely manage your hybrid environment. “DXC’s U.S. State and Local Health and Human Services business is a leading player in a highly complex market that continues to benefit from technological innovation,” said Ramzi Musallam, CEO and Managing Partner of Veritas Capital. Goldman Sachs and Co LLC was the financial adviser to Veritas Capital and Schulte, Roth and Zabel was its legal adviser. Our experts help you We build a trusted ... More recently it sold its U.S. state and local health and human services business to Veritas Capital …

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