Large Tampa tech firm, Tribridge, IT service provider sells to Fortune 500 firm

posted in: Cloud/SAAS, Microsoft Dynamics | 0

By: Margie Manning

Tribridge, one of the largest privately-owned companies in Tampa Bay, has been acquired by DXC Technology Co. (NYSE: DXC), an IT services company in Tysons, Virginia.

Financial terms were not disclosed in a news release announcing the deal.

Tribridge, with $140 million in 2015 revenue, ranked No. 60 on the most recent TBBJ 200, a List of the largest private companies in the Tampa Bay area. It’s also one of the largest managed IT service providers in the Bay area.

Headed by CEO and co-founder Tony DiBenedetto and with 740 employees across North America and Europe, Tribridge provides software and cloud services in the area of finance and operations, customer engagement and human capital management to mid-size and large companies.

The company has been expanding, signing a lease earlier this year for additional headquarters space at One Urban Centre in Westshore.

Tribridge expects to continue its growth trajectory with DXC, DiBenedetto said in the release.

He did not indicate what his role would be going forward.

Adding Tribridge allows DXC to expand and enhance its offerings to the health care, state and local governments, consumer packaged goods and professional services sectors, the release said.

It also solidifies DXC’s position as a leading global systems integrator for Microsoft Dynamics, a line of enterprise resource planning and customer relationship management software applications, the release said.

DXC is the new name for the company formerly known as Computer Sciences Corp., No. 379 on the most recent Fortune 500 list with $7.1 billion in 2016 revenue. The company changed its named in April after merging with Hewlett-Packard Enterprise Co.’s services business unit, the Washington Business Journal reported.

Tribridge will be known as Tribridge, a DXC Technology Company, and the Tribridge affiliate, Concerto Cloud Services, will go to market as DXC Concerto.