What DXC paid to buy Tribridge


DXC Technology Co. paid $152 million to acquire all of the outstanding capital stock of Tribridge Holdings LLC in Tampa.

DXC (NYSE: DXC), an IT services company in Tysons, Virginia, bought Tribridge and its affiliate company, Concerto Cloud Services LLC, on July 1. It did not disclose the purchase price when the deal was announced, but DXC included it in its second quarter fiscal year 2018 filing with the U.S. Securities and Exchange Corp. on Wednesday.

Tribridge, with about 740 employees in North America and Europe at the time of the sale, provides software and cloud services in the area of finance and operations, customer engagement and human capital management to mid-size and large companies. DXC said that adding Tribridge would allow it to expand and enhance its offerings to the health care, state and local governments, consumer packaged goods and professional services sectors.