Cris Nicolli, UXCShareholders of UXC, an Australian company with diverse technology holdings, have overwhelmingly approved the company's purchased by Computer Sciences Corp. The vote was held this week. The primary operation of note in the United States is UXC Eclipse, which markets Dynamics AX and makes this one of the notable events in the ongoing consolidation in the AX market. The purchase is valued at approximately $403 million.

As a result of the deal's approval Cris Nicolli, CEO of UXC, will retire this year after 13 years with the company. UXC will be combined with CSC Australia, which will have annual revenue of slightly less than $1 billion. The deal is expected to close at the end of the month. UXC moved into the United States with its purchase of New York City-based Cole Systems in December 2012 and made itself substantially bigger a year later with the acquisition of the former Tectura North America. On the CSC side, CFO Wayne Andrews, who joined CSC in October 2012, is resigning and will be replaced by Stuart Adams. CSC's Asian financial director. An Australian publication said the CSC Australia stock would begin trading after deal is finished. I had assumed that the numbers would all be buried in the giant parent, but maybe not.

Last modified on Friday, 12 February 2016
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Bob Scott

Bob Scott has been informing and entertaining the mid-market financial software community with his email newsletters for 10 years. And he has been covering this market through print publications for 18 years, first as technology editor of Accounting Today and then as the Editor of Accounting Technology from 1997 through 2009. He has covered the traditional tax and accounting profession during the same time and continues to address that as executive editor of the Progressive Accountant.

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