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CSC Agrees to Sell Southeast Asia Reseller Unit



  CSC Agrees to Sell Southeast Asia Reseller Unit

Business Wire

FALLS CHURCH, Va. -- February 20, 2013

CSC has reached a definitive agreement with a consortium comprising ITOCHU
Techno-Solutions Corporation (“CTC”) and ITOCHU Corporation for the sale of
CSC’s Enterprise Systems Integration (ESI) unit, a reseller of enterprise
hardware and software and a provider of maintenance services with operations
in Malaysia and Singapore, for $90 million in cash.

This transaction, representing CSC’s fourth divestiture within the last four
months, furthers CSC’s transformation strategy to rebalance its portfolio of
services.

"The sale of ESI marks our continued realignment of company assets with our
strategy of leading the next generation of technology solutions and services
including cybersecurity, big data and cloud computing," said CSC President and
CEO Mike Lawrie. "We are focusing our attention on high-value solutions for
clients in Singapore, Malaysia and other parts of Southeast Asia."

In fiscal 2012, ESI’s revenue was approximately $180 million with mid-single
digit operating margins. ESI’s results will be recast as discontinued
operations. ESI’s results had been previously reported within CSC’s Business
Solutions & Services sector.

The transaction is expected to close in March 2013.

About CSC

For more information, please visit CSC’s company profile.

Click here to subscribe to Mobile Alerts for CSC.

Contact:

CSC
Marcel Goldstein
Corporate Public Relations
703-641-3271
mgoldstein@csc.com
or
Steve Virostek
Investor Relations
703-641-3000
investorrelations@csc.com
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