Cloud transformation acquisition: Silverpeak advises Virtual Clarity on DXC deal
Silverpeak, the technology investment bank, acted as exclusive financial advisor to Virtual Clarity on its cloud transformation acquisition by DXC Technology Company (NYSE: DXC). This follows DXC’s strategic investment in Virtual Clarity in 2017, on which Silverpeak also served as lead adviser. The transaction marks Silverpeak’s seventh completed deal in six months.
About Virtual Clarity
Founded in 2008, Virtual Clarity operates primarily across the UK and US. The company brings together enterprise IT specialists and hands-on practitioners with deep expertise in modern tools, techniques and key industries — including financial services, healthcare, manufacturing and telecommunications. As the leading cloud transformation consultancy in its market, Virtual Clarity helps large enterprises navigate complex technology transitions with precision and confidence.
Strategic rationale for the acquisition
DXC Technology acquired Virtual Clarity to strengthen its position as a leading provider of IT Modernization services for applications and infrastructure. The transaction builds on DXC’s earlier acquisition of Luxoft, reflecting growing client demand for industry-specific application development as part of a broader IT modernisation strategy.
How Silverpeak delivered the transaction
Silverpeak worked closely with the Virtual Clarity board throughout their journey to a strategic exit. The team approached global strategic buyers and private equity growth investors, secured multiple Tier 1 offers and managed the process to a tight completion timetable.
“We are delighted to have advised Steve on this fourth transaction,” says Paddy MccGwire, managing partner at Silverpeak. “Steve and his team at Virtual Clarity have built a great business and will be able to accelerate its impact, reporting directly to the DXC CEO.”
Steve Peskin, CEO and founder of Virtual Clarity, added: “This is my fourth transaction with Paddy and his team, starting 20 years ago. He has always outperformed, but this time Paddy, Matteo and their team absolutely nailed it. From first offer to completion in 50 days, and from LOI in only 19 business days — they pulled it off masterfully with calming humour, great expertise and nerves of steel.”
Part of a consistent track record
This deal represents Silverpeak’s seventh transaction in six months, reinforcing the firm’s position as a leading technology-specialist investment bank in Europe. Explore our full transaction history or learn more about our cloud and IT services M&A practice.
For more information, please contact Paddy MccGwire.