October 29, 2020

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Technology – First Class

Veritas Cash Announces Gainwell Technologies as the New Identify for the U.S. Condition & Community Wellness and Human Expert services Company to be Acquired from DXC Technologies

4 min read

NEW YORK & TYSONS, Va.–(Organization WIRE)–Veritas Cash, a leading investor in authorities and healthcare know-how corporations, right now introduced Gainwell Systems as the new name of the U.S. State & Area Wellbeing and Human Providers small business it programs to receive from DXC Technological innovation (NYSE: DXC). Veritas and DXC anticipate to near this transaction, which was formerly announced on March 10, 2020, on October 1, 2020.

The identify Gainwell alerts a commitment to strengthening shopper, beneficiary and local community wellbeing results throughout the United States by means of impressive, productive and reputable technological innovation methods and support. As a assemble of the phrases “gain” and “well,” the title reflects the company’s mission to empower its clients via technology in purchase to provide well being and human products and services packages that enable profitable wellness results for beneficiaries nationwide.

Previously now, DXC Technological innovation introduced that Paul Saleh, Main Money Officer of DXC, has been named as Chief Government Officer of Gainwell Systems, effective on closing of the transaction. Paul’s established practical experience and deep comprehension of Gainwell’s business preferably place him to direct the corporation as a stand-by yourself business although preserving an unwavering motivation to Gainwell’s shoppers and staff customers in the course of the transition.

“The decision of Gainwell reflects the true vision of the new business. Its dependable skills and extensive engineering abilities will further reward from the entrepreneurial spirit of a standalone enterprise as it leads the way in producing, utilizing and offering revolutionary and critical technology for its clients and the communities they provide,” explained Ramzi Musallam, CEO and Handling Partner of Veritas. “We search ahead to supporting Gainwell Technologies as it partners with shoppers to navigate elaborate challenges and push transformational outcomes, and to welcoming Paul and his talented group to the Veritas family.”

About Veritas Money

Veritas is a leading non-public expenditure business that invests in businesses that deliver crucial products and solutions and expert services, mostly technological know-how and technology-enabled answers, to government and commercial prospects throughout the world, which include people running in the health care, aerospace & protection, software, national security, communications, electrical power, government services and instruction industries. Veritas seeks to create worth by strategically transforming the businesses in which it invests as a result of organic and natural and inorganic indicates. For additional data on Veritas, pay a visit to www.veritascapital.com.

About DXC Engineering

DXC Technological know-how (NYSE: DXC) can help world companies run their mission vital methods and operations when modernizing IT, optimizing information architectures, and guaranteeing stability and scalability throughout public, non-public and hybrid clouds. With a long time of driving innovation, the world’s most significant corporations have confidence in DXC to deploy our organization technology stack to supply new degrees of overall performance, competitiveness and customer encounters. Discover extra about the DXC story and our concentrate on people today, customers and operational execution at www.dxc.technological innovation.

Cautionary Take note With regards to Ahead-looking Statements

All statements in this press release that do not specifically and exclusively relate to historic info represent “forward-searching statements.” These statements signify DXC’s intentions, strategies, expectations and beliefs, and are issue to hazards, uncertainties and other factors a lot of of which are exterior DXC’s management. Numerous components could induce precise benefits to differ materially from this sort of forward-looking statements with respect to the transaction announced higher than, which includes challenges relating to: the completion of the transaction on anticipated timing, together with obtaining regulatory and third-social gathering approvals situations in the credit rating marketplaces anticipated tax cure for the proposed transaction unexpected liabilities loss of revenues the opportunity impact of announcement or consummation of the proposed transaction on interactions with 3rd events, like customers, workforce and rivals and the hold off or company disruption prompted by challenges in separating the divested small business from DXC’s remaining enterprises. For a written description of the things that could result in genuine success of DXC’s business to vary materially from these forward-on the lookout statements, see the portion titled “Risk Factors” in DXC’s Once-a-year Report on Sort 10-K for the fiscal yr finished March 31, 2020, as updated in subsequent SEC filings which includes the Company’s Quarterly Report on Type 10-Q for the quarterly interval finished June 30, 2020, which viewers are urged to overview in depth, as it is made up of vital details concerning threats, uncertainties and other things that could lead to genuine outcomes to vary from the programs, anticipations and other issues explained in this press launch. No assurance can be supplied that any target or prepare set forth in any forward-looking assertion can or will be realized, and readers are cautioned not to position undue reliance on these kinds of statements which communicate only as of the date they are manufactured. DXC disclaims any intention or obligation to update these forward-wanting statements no matter if as a consequence of subsequent occasions or usually, except as essential by legislation.

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