![]() ![]() CSRA currently has a presence in Europe, Africa and Southeast Asia, Davis told CRN, and the new agreement with open up additional countries to CSRA in one fell swoop rather than having to negotiate them with CSC on a case-by-case basis.Īnd if CSRA identifies an opportunity with a government entity not covered by the initial November 2015 agreement, the company can request CSC's permission to pursue the opportunity, which must be granted or withheld in good faith. public sector, CSRA is now permitted to sell services to certain additional non-U.S. In exchange for allowing CSC to sell into the U.S. The November 2015 separation agreement between CSC and CSRA didn't restrict parties that control or are under common control with CSC from engaging in public sector activities, according to a November 2016 SEC filing. In May, CSRA CEO Larry Prior said he was "tremendously interested" in opportunities that could arise from the CSC-HPE ES merger. That was a change from early November, when CSC Chief Financial Officer Paul Saleh told Wall Street analysts that the company was still evaluating all appropriate options for HPE ES's public sector business. public sector customers now and after the launch of the new company.’ ’We are committed to bringing innovative solutions to our U.S. public sector space,’ Crouther said in a statement. ’The recent agreement between CSC and CSRA will allow both companies to freely compete in the U.S. Public Sector business – will be continuing as SVP and GM of the combined company's U.S. In that filing, CSC announced that Marilyn Crouther – who has served since December 2011 as senior vice president and general manager of HPE ES's U.S. ![]() 23 SEC filing announcing the senior management team for the new company, which has not yet settled on a name. The waiving of some non-compete provisions was foreshadowed by CSC's Jan. public sector clients provides more operational and integration flexibility to CSC as it prepares to merge with HPE Enterprise Services," CSC said in a statement. "CSRA’s lifting of the restrictions on CSC’s ability to sell to U.S. One analyst told CRN in May that roughly 10 percent of the combined CSC-HPE ES will be in the federal business that competes directly with CSRA. 3 on the CRN SP 500.ĬSC, in November, identified the non-compete as a risk factor associated with its merger, given that HPE ES has a robust U.S. 27, 2017, nearly eight months after the expected April 3 close of the massive merger between CS and Palo Alto, Calif.-based HPE Enterprise Services (HPE ES), No. That separation agreement was supposed to remain in effect until Nov. This reverses part of CSC's November 2015 separation agreement with its North American public sector business, which was spun off to become CSRA. "It was a tradeoff we thought was worth making." "That's something we gave up, but there are things we gained in the new agreement," Stuart Davis, CSRA's vice president of investor relations and strategy, told CRN. Securities and Exchange Commission (SEC). The agreement was signed Friday, and announced Monday in a filing with the U.S. 8 on the CRN Solution Provider 500, in certain areas of the U.S. Public Sector business can remain intact during the merger with CSC.įalls Church, Va.-based CSRA said Monday that it will lift the non-competition covenants restricting the business activities of Tysons, Va.-based CSC, No. Both CSC and CSRA have amended their non-compete agreement to ensure that HPE Enterprise Services' U.S. HPE Enterprise Services has cleared a major business hurdle as it comes closer to completing its merger with CSC. ![]()
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