CSC SIGNS TWO CONTRACTS WITH DIAGEO TOTALING $35 MILLION
News Release -- June 17, 2009
Company Signs Supply Chain Management Contract and IT Outsourcing Contract Extension
FALLS CHURCH, Va., June 17 -- CSC (NYSE: CSC) today announced that it has been selected to design, develop and implement a new worldwide supply chain management solution for Diageo, the world's leading premium alcoholic drinks company that includes brands such as Johnnie Walker, Guinness and Smirnoff. The 4.5-year agreement has an estimated value of $7 million.
Under the terms of the contract, CSC will develop an SAP-based system to enhance visibility of Diageo's product stocks worldwide, improve supply-demand ratio and reduce costs throughout the supply chain process.
In addition, Diageo has extended its information technology (IT) outsourcing contract with CSC for five additional years. CSC first began supporting Diageo in 1995. The extension has an estimated value of $28 million. Under the terms of the new agreement, CSC will continue to provide Diageo's locations in the UK and Ireland with applications support services across a portfolio of critical business applications and tools.
"The continual relationship with CSC demonstrates the contribution they make in supporting Diageo's information systems strategy," said Donald Dempsey, Global Services Director, Diageo plc. "Their knowledge of our business processes makes them a valued partner in delivering our agenda."
"With Diageo brands sold in approximately 180 countries around the world, optimising the supply chain is key and we're delighted that CSC has been chosen to help," said Nick Wilson, president of CSC's operations in the UK, Nordics, Middle East and Africa. "In addition, the expansion of our IT outsourcing contract is testament to the strength of our relationship and the significant business benefits Diageo has received. We look forward to continuing to work successfully together and support Diageo in their major IT global investment program."
Diageo is the world's leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits, wines, and beer categories. These brands include Johnnie Walker, Guinness, Smirnoff, J&B, Baileys, Cuervo, Tanqueray, Captain Morgan, Crown Royal, Beaulieu Vineyard and Sterling Vineyards wines.
Diageo is a global company, trading in approximately 180 countries around the world. The company is listed on both the New York Stock Exchange (DEO) and the London Stock Exchange (DGE). For more information about Diageo, its people, brands, and performance, visit us at Diageo.com. For our global resource that promotes responsible drinking through the sharing of best practice tools, information and initiatives, visit DRINKiQ.com. Celebrating life, every day, everywhere.
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector 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 $16.74 billion for the 12 months ended April 3, 2009. For more information, visit the company's Web site at www.csc.com.