CSC SIGNS OUTSOURCING AGREEMENT WITH XEROX
News Release -- May 05, 2009
FALLS CHURCH, Va., May 5 -- CSC (NYSE: CSC) today announced it has signed an information technology (IT) outsourcing agreement with Xerox Corporation. The contract, which has a seven-year base period, is valued in excess of $100 million.
Under the terms of the agreement, CSC will provide mainframe processing and application support to Xerox's North American business. Work will be performed by CSC's Global Outsourcing Services at various locations across the globe utilizing the company's World Sourcing delivery centers.
"Xerox's selection of CSC speaks to their expertise and experience in managing critical components of IT services," said John McDermott, chief information officer, Xerox Corporation.
"We are pleased that Xerox has selected CSC to provide these critical IT services," said David Booth, president of CSC's Global Sales and Marketing. "Xerox is also a CSC global alliance partner and we look forward to delivering results that enhance operational excellence and advance innovation as we further develop a strong, mutually beneficial relationship."
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, Global Outsourcing Services and the North American Public Sector. CSC's advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 92,000 employees and reported revenue of $17.1 billion for the 12 months ended Jan. 2, 2009. For more information, visit the company's Web site at www.csc.com.