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CSC REACHES NEW AGREEMENT WITH ISOFT GROUP PLC
Communiqués -- Juin (mois) 18, 2007
EL SEGUNDO, Calif., June 18 /PRNewswire-FirstCall/ -- Computer Sciences Corporation (NYSE: CSC) today issued the following statement regarding the ongoing management of its contract with the UK National Health Service (NHS) and new arrangements with its primary subcontractor iSOFT Group plc (LSE: IOT) ("iSOFT"):Further to CSC's and iSOFT's recent statements regarding delivery of the NHS National Programme for IT (NPfIT) and the proposed change in ownership of iSOFT, an agreement has now been reached to the mutual satisfaction of all parties.
Effective July 1, 2007, CSC will assume full responsibility for managing the future development and delivery of LORENZO, the iSOFT solution selected by CSC and the NHS for deployment across the North, Midlands and East of England as part of the National Programme for IT. Under a professional services agreement, CSC will be responsible for the management and operation of relevant iSOFT resources in the UK and in India, working in close collaboration with iSOFT executive and management teams. Transitioning of responsibilities will begin immediately.
As a result of this new agreement, CSC's payments to iSOFT over the life of the program will reduce, while CSC's total cost of program delivery currently remains as previously forecast.
Under the agreement, CSC no longer withholds its agreement to a formal change of ownership of iSOFT.
"We are delighted to have successfully concluded these discussions and we acknowledge the significant contribution made by Connecting for Health in bringing all parties together to determine a satisfactory outcome," said Guy Hains, president of CSC's European Group. "Together with the NHS and iSOFT, we are excited about LORENZO and believe that the new agreement will successfully support the final stage of its development and delivery starting next year.
"CSC and iSOFT are fully committed to the successful delivery of the NPfIT, and this decision has been governed solely by what all three organizations consider to be in the best interests of achieving this goal."
About CSC
Computer Sciences Corporation is a leading global information technology (IT) services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.
With approximately 79,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $14.9 billion for the 12 months ended Mar. 30, 2007. For more information, visit the company's Web site at www.csc.com.
