CSC Secures 10-Year, $900+ Million Dollar Managed Services Agreement with New Client
News Release -- September 09, 2011
FALLS CHURCH, Va., Sept. 09 -- CSC (NYSE: CSC) today announced it has signed a ten-year contract with a U.S. based global multi-brand commercial products manufacturer to provide information technology (IT) and infrastructure managed services. The contract is a global 10 year agreement with an estimated value of more than $900 million and was effective on September 1, 2011. By leveraging CSC’s expertise and global network of delivery centers, the new client expects to improve the overall efficiency and service level of its IT function.
Under the terms of the agreement, CSC will bring new innovative IT approaches covering a large scope of global infrastructure managed services, including: service desk, end user support services, network services, data center services, distributed computing services and security services.
“CSC and this new client have a common vision of what a world class IT function can bring to a large enterprise, and we are thrilled to be the IT partner of choice for such a successful and dynamic company,” said Michael W. Laphen, CSC chairman, president and chief executive officer. “CSC brings the right mix of expertise and innovation to this client that will reduce their overall cost and risk, elevate IT service levels and position them to more effectively capitalize on future growth opportunities.”
CSC is a global leader in providing technology-enabled business solutions and services. Headquartered in Falls Church, Va., CSC has approximately 93,000 employees and reported revenue of $16.2 billion for the 12 months ended July 1, 2011. For more information, visit the company's website at www.dxc.technology.