CSC Finalizes Fixnetix Acquisition
News Release -- September 25, 2015
Deal Accelerates CSC’s Strategic Growth Plan in Capital Markets
FALLS CHURCH, Va., Sept. 25, 2015--CSC (NYSE: CSC), a global leader in next-generation IT services and solutions, today announced it has closed the acquisition of Fixnetix, a leading provider of front-office managed trading solutions in capital markets.
The acquisition bolsters CSC’s global infrastructure strategy and will advance CSC as a leader in providing managed services to capital markets firms throughout the world. Fixnetix is now a wholly owned subsidiary of CSC. Financial terms of the transaction were not disclosed.
Combining Fixnetix with CSC’s next-generation IT platforms and IT utility services offers capital market clients an expanded range of as-a-service front office capabilities and addresses the growing client demand for greater efficiency and innovation in trading, market data and information systems, hosting, infrastructure, connectivity and risk management.
“We welcome the Fixnetix team to CSC,” said Steve Hilton, executive vice president and general manager, Global Infrastructure Services, CSC. “Together, we now have a unique opportunity to provide clients world-class global managed services for low-latency trading, market data, hosting and connectivity and risk management solutions. CSC is now at the forefront of emerging mission-critical trading systems technologies, giving our clients access to an expanded range of infrastructure capabilities.”
Hugh Hughes, CEO and chairman of Fixnetix, said “we are embarking upon the next exciting stage of our journey and we look forward to expanding our capabilities with existing clients, servicing new ones and delivering in new regions.”
With headquarters in London, Fixnetix also has operations in New York, Boston, Chicago and Tokyo. For more information on Fixnetix, a CSC company, go to: www.fixnetix.com.
Computer Sciences Corporation (CSC) is a global leader of next generation information technology (IT) services and solutions. The Company's mission is to enable superior returns on our clients’ technology investments through best-in-class industry solutions, domain expertise and global scale. CSC has approximately 70,000 employees and reported revenue of $11.7 billion for the 12 months ended July 3, 2015. For more information, visit the company's website at www.dxc.technology.
All statements in this press release and in all future press releases that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent the Company’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company’s control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled “Risk Factors” in CSC’s Form 10-K for the fiscal year ended April 3, 2015 and any updating information in subsequent SEC filings. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent event or otherwise, except as required by law.