Technology Holdings is pleased to announce the strategic sale of our client, the largest independent ServiceNow partner in the Nordics, BusinessNow to DXC Technology (NYSE: DXC), a global IT services company, formed in April 2017 by the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise.
We would like to thank the Technology Holdings team for their guidance and continuous support during the transaction right from the start until deal closure. We would not have been able to close the deal successfully without your help. Particularly preparing the Information Memorandum, managing the due diligence process and the number crunching that helped with key SPA negotiations have been of great value to us. We are really glad with the outcome and for having chosen Technology Holdings as our advisor.
BusinessNow is a ServiceNow Gold Services Partner founded in 2014 with headquarters in Denmark and 4 offices in the Nordics. The company holds 98 certifications and has successfully delivered more than 500 projects to over 100 blue chip clients in Europe. BusinessNow was the largest independent ServiceNow consultancy in the Nordics with a focus on implementing modern service management solutions in the cloud. The company helps transform enterprise IT systems, accelerate digital transformation and elevate employee & client service experiences through enterprise automation solutions. BusinessNow has expertise in providing end-to-end analysis and implementation of the full service life cycle from idea and strategy through to design, transition, operation and improvement.
“We have grown BusinessNow with strategic and dedicated focus on ServiceNow skills, management consulting capabilities, talent development, customer innovation and automation,” said Bo Wilchen-Pedersen, CEO, BusinessNow. “As we are joining DXC Technology, the leading global ServiceNow partner, our focus and foundation becomes even stronger, while getting global presence and profound product development and innovation. We believe that we have provided the best possible future for both our customers and employees.”
DXC also announced the acquisition of TESM, the largest independent global ServiceNow partner on November 5, 2018. Technology Holdings served as the exclusive M&A advisor to both BusinessNow and TESM on the transactions. “TESM and BusinessNow add a unique set of skilled people, IP and aligned offerings which will further enable DXC enterprise clients to leverage the ServiceNow platform as a foundation for enterprise-wide digital transformation,” said Dan Stoks, vice president, global ServiceNow practice for DXC Technology. “Our cultural match, shared vision and capabilities on the ServiceNow platform will greatly enhance our ability to address rapidly growing customer needs across Europe, the UK and around the world.”