CSC Recognized as ‘Best Technology Vendor’ by Reactions Magazine
News Release -- November 04, 2009
International Insurance Publication Honors CSC For Two Consecutive Years
FALLS CHURCH, Va., Nov. 4 -- CSC (NYSE: CSC) today announced that it has been named "Best Technology Vendor" as part of the Reactions Global Awards, an international awards program for insurers sponsored by Reactions magazine. This is the second year for the "Best Technology Vendor" category, and CSC has won the award both years.
Now in the program's eighth year, the Reactions Global Awards recognize the best firms and individuals in the global insurance industry. Reactions, a financial publication for the global insurance market, selected award winners by surveying its readers and conducting interviews with leading individuals and companies that represent the insurance and reinsurance industries. The "Best Technology Vendor" category was added to spotlight the critical role information technology (IT) now plays in the insurance industry.
"It is an honor to be recognized by some of the most respected companies and individuals within the industry, many of whom are our clients," said Jim Cook, president of CSC's Business Solutions and Services Sector. "Receiving this award for the second year in a row is especially gratifying as it reaffirms our success in the consistent delivery of business-critical insurance and reinsurance solutions around the world. It is also rewarding to see technology being recognized, on a global scale, for the intrinsic value it brings the insurance industry."
CSC's technology platforms and financial services applications are used by two thirds of the world's top 50 insurers and nearly half of Fortune's global 500 financial services companies. In addition, half of the world's reinsurers use CSC reinsurance solutions.
About CSC in Financial Services
CSC distinguishes itself through its time-tested ability to plan, build and operate highly reliable, efficient and secure business and IT solutions for leading financial services firms around the world.
To complement its capabilities in consulting, systems integration and outsourcing, CSC brings financial services industry knowledge and experience, a comprehensive portfolio of financial services application software and an extensive network of industry and technology partners. CSC's financial clients include more than 1,200 major banks, insurers and investment management and securities firms.
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 $16.2 billion for the 12 months ended July 3, 2009. For more information, visit the company's Web site at www.csc.com.