DXC Technology (NYSE: DXC), the world’s leading independent, end-to-end IT services company, today announced it has signed an agreement to acquire M-Power Solutions, a leading Australian company focused on Oracle cloud-based, Enterprise Performance Management (EPM) & BI.
The M-Power brand will be integrated within the DXC Red Rock practice and will build on DXC Technology’s digital transformation strategy.
“DXC Red Rock is today the largest independent provider of Oracle Cloud licensing, consulting and managed services solutions in ANZ. The combination of M-Power with DXC’s Red Rock practice solidifies DXC’s position as the undisputed leader in Oracle Cloud Solutions in Australia & New Zealand,” said Seelan Nayagam, managing director, DXC Technology in Australia & New Zealand.
The acquisition of M-Power is a key part of Red Rock’s cloud-first strategy, and it will strengthen its current EPM and BI practice. M-Power will accelerate the digital transformation journey for DXC’s enterprise clients and extend its Strategic Cloud Migration Services into DXC’s customer base.
“Our business was growing rapidly and we were at a tipping point. We needed to either invest more ourselves or get leverage. DXC offered us a platform for our growth in ANZ, around the world and into larger Tier 1 customers; and we want to be a part of that success,” said Mark Simpson, director and CEO, M-Power Solutions.
The acquisition will also provide a mutually beneficial expanded reach given DXC Red Rock’s larger presence on the east coast of Australia. M-Power, founded in 2003, has over 50 employees and 60 clients across ANZ.
“M-Power has a strong cultural alignment to Red Rock. Both organisations pride ourselves on our speed, agility and customer focus and believe that our combined capability will offer significant benefits to all of our customers. We will leverage our strong Eastern Australia and New Zealand presence to provide customers in those regions greater access to M-Power’s capability,” said Philip Milne, practice director, DXC Red Rock.
Increasingly, enterprise clients are seeking more relevant and intuitive insight into the underlying drivers of their business. The addition of M-Power to Red Rock will provide enterprise clients with access to Oracle’s Cloud based EPM and BI Analytics offerings, via the largest capability in ANZ.
Oracle has globally recognised DXC Red Rock’s expertise and skills through accreditations including: Oracle Platinum Partner, Oracle Cloud Select Partner and Cloud Managed Service Provider. M-Power is also recognised by Oracle as the leading partner in Oracle Cloud EPM and Business Analytics globally, winning Global and APAC Business Analytics Partner of the Year and EPM Partner of the Year for APAC in 2017.
M-Power Solutions is at the forefront of implementing successful digital finance transformation projects globally, helping to ensure Oracle Cloud EPM and BI solutions deliver and exceed customer expectations. M-Power are more than a traditional IT consultancy firm; their focus is to work with customers as a true business partner. They get to know their customers and their business, so they can work effectively together to achieve business led outcomes utilising the power of Oracle Cloud technology and M-Power’s industry leading implementation approaches. M-Power shares the responsibility for the project outcome with their customers, when they start a project they are in it together to the end: the customer’s success is M-Power’s success.
DXC Technology is the world’s leading independent, end-to-end IT services company, helping clients harness the power of innovation to thrive on change. Created by the merger of CSC and the Enterprise Services business of Hewlett Packard Enterprise, DXC Technology serves nearly 6,000 private and public sector clients across 70 countries. The company’s technology independence, global talent and extensive partner network combine to deliver powerful next-generation IT services and solutions. DXC Technology is recognized among the best corporate citizens globally. For more information, visit DXC Technology’s website at dxc.technology.