HPE has been working to restructure its IT group, and through this merger, it expects to create $1 billion in cost synergies by March 2017. HPE also anticipates $33 billion in annual revenue after the merger is completed.
Mike Lawrie, CSC’s CEO, will serve as president, CEO and chairman of the new company. Directors from HPE and CSC, including HPE CEO Meg Whitman, will serve on the new company’s board.
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