DXC Technology has acquired a Credit Suisse data center in Clifton, New Jersey, for an undisclosed sum. The deal reinforces DXC's colocation and managed services strategy -- which now extends across 250 managed colocation centers.
DXC is making the acquisition through its data center colocation services subsidiary. Simultaneously, the firm is signing a long-term 13 year-plus managed colocation services agreement with the Swiss multinational investment bank, the company said.
The transaction will help DXC serve its enterprise clients in the New York metropolitan market, a major hub of operations for global financial institutions and other businesses, the company announced.
DXC Technology serves nearly 800 enterprise and government clients with managed data center services, business recovery services, and co-location services across 43 owned and leased sites globally, in addition to over 250 managed co-lo locations.
DXC Acquires Data Center - Executive Perspectives
C. Charles Diao, DXC's senior VP of finance and corporate development, commented:
“Enterprises are looking to capitalize on their infrastructure assets while participating in the digital technology trends and opportunities that help drive better business outcomes. This partnership with Credit Suisse demonstrates DXC’s position as a leading global data center colocation and managed services provider, aligns with our strategic growth objectives, and strengthens DXC’s ability to help accelerate innovation for our clients.”
Andrew Federbusch, managing director and global head of Real Estate Workplace, Credit Suisse (USA), added:
“We chose DXC as our partner in this transaction due to its ability to customize a financial and outsourcing solution that best meets our needs and our long-term infrastructure requirements. This partnership supports our strategy of enhancing efficiency, generating productivity improvements, and allowing greater operational and strategic flexibility in our future IT infrastructure needs.”
Credit Suisse has been selling off a number of its data centers in recent years. In 2017, Iron Mountain purchased the bank’s London and Singapore data centers for $100 million.
DXC Technology: Mergers and Acquisitions
DXC has been strengthening its portfolio for some time, acquiring IT consulting firms within such partner ecosystems as Microsoft, ServiceNow and Salesforce. Example deals ChannelE2E has tracked:
- January 2019: DXC Technology acquired the service business of EG A/S, which focused mainly on Microsoft Dynamics 365, with some additional SAP and Infor M3 expertise
- January 2019: DXC Technology acquiring digital consulting firm Luxoft for roughly $2 billion.
- November 2018: DXC acquired two ServiceNow partners — including TESM and BusinessNow.
- September 2018: DXC acquired System Partners, an Australia-based Salesforce cloud consulting and integration partner.
- October 2017: DXC acquired Logicalis SMC, another ServiceNow partner.
