CSC Enters Divestiture Agreement with Italian IT Services Company

  CSC Enters Divestiture Agreement with Italian IT Services Company

Business Wire

FALLS CHURCH, Va. -- October 25, 2012

As part of its ongoing service portfolio optimization, CSC (NYSE: CSC) has
entered into an agreement with Dedagroup, an Italian IT services company, for
the sale of the consulting and systems integration services part of its
business in Italy. Financial terms were not disclosed.

After the transaction reaches final agreement, CSC will retain a presence in
Italy and continue to provide a select portfolio of services, including cloud,
financial services, infrastructure, business process outsourcing and
healthcare offerings, to multinational companies. CSC will also retain
corporate financial services products, solutions and services for CSC's
international accounts.

For CSC, this agreement advances the company’s transformation strategy
designed to rebalance its business portfolio with more specialized global
solutions.

Under the terms of the agreement, Dedagroup will assume from CSC all
pan-Italian consulting and systems integration projects as well as fashion
industry software products and services.

“We will transition parts of our business in Italy to a reliable and
well-regarded Italian IT services company and help ensure a smooth transition
for employees and clients,” said Claude Czechowski, CSC Vice President and
General Manager, South and West Region. "We can now focus on bringing CSC’s
global solutions and services to multinational companies with operations in
Italy."

The agreement will be reviewed by the local anti-trust authority. Local labor
unions have been informed of the planned sale. CSC anticipates final agreement
within 60 days.

About CSC

CSC is a global leader in providing technology-enabled business solutions and
services. Headquartered in Falls Church, Va., CSC has approximately 96,000
employees and reported revenue of $15.8 billion for the 12 months ended June
29, 2012. For more information, visit the company’s website at www.csc.com.

Click here to subscribe to Mobile Alerts for CSC.

Contact:

CSC Corporate
Marcel Goldstein, 703-641-3271
Director, Global Media Relations
mgoldstein@csc.com
or
Steve Virostek, 703-641-3000
Director, Investor Relations
investorrelations@csc.com
 
Press spacebar to pause and continue. Press esc to stop.