CSC Expands Partnership with SAP to Provide Additional Comprehensive
Next-Generation Solutions to the Global Banking Industry
SAPPHIRE NOW 2013
ORLANDO, Fla. -- May 15, 2013
CSC (NYSE: CSC) today announced an expanded partnership with SAP (NYSE: SAP)
designed to accelerate the banking industry’s move to next-generation
technology platforms. CSC and SAP have cooperated to define a new global
go-to-market strategy for their banking software and services offerings to
help reduce the risk, implementation time, and cost of modernizing business
processes and IT environments.
Under the expanded alliance, CSC will be an SAP global services partner for
the banking industry and is expected to provide systems integration services
for banks using SAP solutions. CSC is also now a global value-added reseller
of SAP, authorized to resell SAP products, services and support. In addition,
SAP and CSC will co-sell their banking software and solutions.
The companies’ software and services address a wide spectrum of enterprise
technology and business needs to help banks keep pace with evolving customer,
market and regulatory demands. Banks that have delayed upgrading their
infrastructure and applications can modernize them incrementally, which can
help lead to both lower costs and risk. The companies can unify for customers
a set of next-generation consulting, software, enterprise services and testing
technology platforms that are designed to leverage both companies’ banking
industry expertise and extensive offerings.
“Modernization is both a costly and complex undertaking for banks around the
globe,” said Robert Hunt, senior research director, CEB TowerGroup. “Because
of this, many banks continue to operate on legacy systems developed decades
ago. Choosing services and software from CSC and SAP makes perfect sense and
offers a compelling proposition to banks that have pushed out or barely
started their modernization projects to help meet customer demands or improve
“Our vision for this software partnership is to help enable large global and
mid-sized regional banks to drive profitable growth through cost savings,
greater agility, more innovation and a superior customer experience,” added
Thomas E. Hogan, executive vice president and general manager, CSC Global
Business Services. “Banks will now have more choice when modernizing their
“CSC and SAP have been partnering for 30 years, helping to bring value to
customers around the world,” said Robert Enslin, president of Global Customer
Operations and a member of Global Managing Board, SAP. “With this expanded
relationship, we look forward to further accelerating our efforts in the
As a long-time SAP global services partner, CSC implements and delivers SAP
solutions to customers across many industries and is an SAP-certified provider
of cloud services, hosting services and application management services. In
addition, CSC has a successful practice in Central Europe focused on SAP
solutions used in the banking industry and has collaborated with SAP on many
complex implementation projects.
For more information, please visit CSC’s company profile.
SAP, and all SAP logos are trademarks or registered trademarks of SAP AG in
Germany and in several other countries. All other product and service names
mentioned are the trademarks of their respective companies.
SAP Forward-looking Statement
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forward-looking statements as defined in the U.S. Private Securities
Litigation Reform Act of 1995. Words such as “anticipate,” “believe,”
“estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,”
“predict,” “should” and “will” and similar expressions as they relate to SAP
are intended to identify such forward-looking statements. SAP undertakes no
obligation to publicly update or revise any forward-looking statements. All
forward-looking statements are subject to various risks and uncertainties that
could cause actual results to differ materially from expectations The factors
that could affect SAP's future financial results are discussed more fully in
SAP's filings with the U.S. Securities and Exchange Commission ("SEC"),
including SAP's most recent Annual Report on Form 20-F filed with the SEC.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of their dates.
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