CSC Acquires Enterprise Cloud Management Company ServiceMesh
Purchase Furthers CSC’s Transformation into a Next-Generation IT Company
FALLS CHURCH, Va. -- October 30, 2013
CSC (NYSE: CSC) has signed a definitive agreement to acquire ServiceMesh, an
enterprise cloud management company. This strategic acquisition enables CSC to
continue its transformation into a next-generation IT company that helps its
clients migrate their applications into cloud computing environments.
“The future of next-generation IT infrastructure will involve a set of
multiple clouds utilized simultaneously by enterprises,” explained CSC
President and Chief Executive Officer Mike Lawrie. “ServiceMesh allows us to
catalogue enterprise applications and orchestrate those applications
dynamically to run in different clouds based on the characteristics of the
applications. From our unique position as an independent global technology
company, we will integrate those workloads for our clients through our
portfolio of services and technologies.”
Santa Monica, Calif.-based ServiceMesh provides ServiceMesh Agility Platform,
an enterprise cloud management platform, to automate the deployment and
management of enterprise applications and platforms across private, public and
hybrid cloud environments. The ServiceMesh Agility Platform is a single,
policy-driven, integrated control point for governance, compliance and
security across cloud applications and environments, empowering employees with
fully governed, self-service access to applications, platforms and services.
ServiceMesh counts among its customers some of the world’s largest enterprises
in financial services, healthcare and other highly regulated industries.
“As an agent for cloud management, ServiceMesh is right at the point of
consumerization for next-generation enterprise applications,” noted CSC Chief
Technology Officer Dan Hushon. “With ServiceMesh, we will empower an ecosystem
of enterprise software providers by lowering the friction for companies to
execute a multi-vendor hybrid cloud strategy while maintaining central
governance, policy and administration.”
In the past 20 months under new leadership, CSC has undertaken a significant
strategic transformation to position itself for the high-growth segments of
the technology solutions and services marketplace, including cloud computing,
big data, cybersecurity and next-generation applications. This transformation
has been enabled by several acquisitions of next-generation technology,
including big data firms Infochimps and 42Six Solutions, and partnerships with
industry leaders that can deliver scalability to CSC’s clients, including an
alliance agreement signed in August with AT&T.
The security requirements of individual workloads and applications will factor
into enterprises’ cloud selection decisions. While applications requiring less
security may be earmarked for low-cost public clouds, other applications will
require more secure clouds, such as CSC’s CloudCompute, CSC BizCloud and CSC
BizCloud VPE. CSC is one of only two leaders in Gartner’s 2013 Infrastructure
as a Service Magic Quadrant.
“Enterprise consumption habits have changed, as customers today want to move
to a new IT model in which they can operate at a lower cost structure and get
to market more quickly with their products and services,” said ServiceMesh
Chief Executive Officer Eric Pulier. “Bringing ServiceMesh and CSC together
creates a true leadership position in IT transformation.”
Existing customers of ServiceMesh will be able to leverage CSC’s global
network of industry consultants, application developers, software engineers,
cybersecurity experts and infrastructure professionals. ServiceMesh will have
access to CSC’s global sales, marketing, delivery and solution development
"We are pleased to see ServiceMesh and CSC come together," said Swisscom IT
Services’ Chief Executive Officer Andreas Koenig. "Swisscom is building its
next-generation cloud offerings with the ServiceMesh Agility Platform, and now
together with CSC, we are enthusiastic about the prospect of accelerating our
partnership on a global basis."
"The ServiceMesh Agility Platform is a foundational element of our cloud
operating model,” said Commonwealth Bank of Australia’s Chief Information
Officer Michael Harte. “Now the combination of ServiceMesh and CSC will
further strengthen and accelerate enterprise IT transformations and drive
significant value, not just from productivity gains and cost savings but,
moreover, by providing an ecosystem for innovation across enterprises."
The companies expect to close the transaction in the third quarter of CSC's
fiscal year 2014. RBC Capital Markets is CSC’s financial advisor for this
CSC is a global leader of next-generation information technology (IT) services
and solutions. The company's mission is to enable superior returns on clients'
technology investments through best-in-class industry solutions, domain
expertise and global scale. CSC has approximately 81,000 employees and
reported revenue of $13.5 billion for the 12 months ended September 27, 2013.
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