Behind DXC's Acquisition Of Microsoft Dynamics 365 Workhorse Tribridge
Submitted by Michael Novinson on
8. Tribridge Used A Banker To Help Identify A Buyer That Could Accelerate Growth
Tribridge has enjoyed pretty fast growth integrating cloud solutions with its own intellectual property, DiBenedetto said, but was looking for an outside entity that could accelerate that growth going forward.
Tribridge used a banker and went through the process of formally soliciting bids, DiBenedetto said, with the company finding that DXC's growth strategy aligned almost verbatim with Tribridge's core strategy. That's when it became clear to DiBenedetto that DXC was a company he needed to pay attention to.
"We were very excited to meet somebody that had such passion around those core things," DiBenedetto said. "We've always been a growth company, and to find a large company of that size that was this passionate about growth was exciting to us."