DXC Technology has signed an agreement to acquire Australian Oracle partner, M-Power Solutions, which provides Oracle cloud-based, enterprise performance management (EPM) and business intelligence (BI) solutions.
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 A/NZ," DXC Technology Australia and New Zealand managing director, Seelan Nayagam, said.
"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 and New Zealand,” he said.
According to DXC Technology, the acquisition of the Australian Oracle partner is a key part of its Red Rock subsidiary's cloud-first strategy, and it will strengthen its current EPM and BI practice.
M-Power is expected to accelerate the digital transformation journey for DXC Technology’s enterprise clients and extend its strategic cloud migration services into the global integrator's customer base.
For M-Power Solutions director and CEO, Mark Simpson, the acquisition agreement comes after the local business found itself growing rapidly and at a tipping point.
"We needed to either invest more ourselves or get leverage," Simpson said. "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,” he said.
M-Power was founded in 2003, and claims over 50 employees and 60 clients across Australia and New Zealand. In its own words, the company was created with the "aim to help clients make better, more profitable, decisions by improving access to their biggest asset, information".
With offices in Sydney, Brisbane, Melbourne, Adelaide and Pert, M-Power provides a comprehensive suite of services and solutions designed to cover the end-to-end requirements of finance-focused information management projects.
The acquisition is expected to provide a "mutually beneficial" expanded reach, with DXC Red Rock’s established presence on the Australian east coast, and M-Power's headquarters in Perth, on Australia's west coast.
“M-Power has a strong cultural alignment to Red Rock," DXC Red Rock practice director, Philip Milne, said. "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,” he said.