UXCAir Post Postal Card (Scott Catalogue prefix; philately)
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CSC will acquire 100 percent of the issued capital of UXC for a cash consideration of A$1.
UXC Eclipse has a laser focus on ERP software - they know what they're doing with Dynamics NAV and with industry IP.
ASX-listed UXC provides ICT solutions in consulting, business applications and infrastructure services to medium and large entities in the private and public sectors across Australia and New Zealand.
In a statement, UXC said the deal will enable Red Rock to pursue an acquisition strategy that would include the takeover of two Australian technology companies in the next 12 to 18 months.
Based on 340 million shares of UXC outstanding, the purchase price would be approximately A$428 million (US$300 million) upon transaction completion.
Partnering with NetSuite expands the UXC Cloud Solutions business unit considerably within our applications segment alongside UXC Eclipse, UXC Oxygen and UXC Red Rock.
Australia's largest publicly owned IT services company, UXC, recorded fiscal 2015 annual revenues of $686 million and staffs 3000 workers.
As part of this acquisition, the company name will change to UXC Eclipse (USA) Inc.
The purchase price, based on 340 million shares of UXC outstanding, is expected to be approximately A$428 million or US$300 million upon transaction completion.
UXC Connect, the newly founded infrastructure group formed by the merger of the Integ Group, XSI Data Solutions and UXC Connect (formally Getronics), has named CommVault one of only eight strategic partners.
UXC Limited is an ASX-listed Australian technical services company that has grown it market capitalisation from some $7 million in 1998 to roughly $75 million today.