Deal Announcement


Technology Holdings is pleased to announce the strategic sale of our client, a global end-to-end ServiceNow partner, TESM 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. TESM, a ServiceNow Gold Services Partner and the largest independent global ServiceNow practice has 8 offices in 6 countries across Europe and the United States. An early adopter of ServiceNow with deep experience in cloud, digital transformation and service automation, TESM has a growing client base that includes 4 of the top 20 global banks that are supported by more than 200 ServiceNow experts with 88 certifications. TESM was launched in 2013 by a team of practitioners using deep industry and technology experience to provide a practical and realistic approach to the delivery of service management projects, solutions and services.

“TESM has experienced rapid growth through reputation and referral,” said Patrick O’Connor, CEO and founder, TESM. “Today a number of the largest financial services and pharmaceutical companies are long-term TESM customers, and we have made significant investments in R&D to accelerate enterprise adoption of ServiceNow as clients make the shift to digital. We are excited to become part of DXC Technology, and to leverage the company’s brand, global presence and scale to further grow our business and value to clients."

DXC also announced the acquisition of BusinessNow, the largest independent ServiceNow partner in the Nordics on November 5, 2018. Technology Holdings served as the exclusive M&A advisor to both TESM and BusinessNow 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.”

"We're very impressed with Technology Holdings who advised us on our strategic exit to DXC. TH's breadth and depth of relationships with strategic acquirers globally in IT, Digital Transformation and Consulting was impressive. Their focus on every aspect of the process to ensure that a smooth and efficient strategic sale was executed, always keeping in mind the best interests of TESM's shareholders and stakeholders, was valuable. TH's team of professionals across geographies worked tirelessly to help achieve aggressive timelines, doing a lot of the heavy lifting."

Patrick O'Connor,
CEO & Founder, TESM

For more information please contact
Vivek Subramanyam
Founder & CEO
+44 77 78863790
Geeta Ramanathan
Managing Director
+44 7807 173 414

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