CSC Acquires Vulnerability Research Labs
News Release -- October 04, 2010
Intelligence and Analysis Capabilities Strengthen the Company’s Cybersecurity Portfolio
FALLS CHURCH, Va., Oct. 4 – CSC (NYSE: CSC) today announced that it has acquired the business of Vulnerability Research Labs (VRL), a privately held cyber threat intelligence firm. The acquisition enables CSC to enhance its cybersecurity support to public and commercial enterprises around the world by strengthening its ability to develop unique tools and techniques. Financial terms of the deal were not disclosed.
Under the agreement, the acquired business will operate as a wholly owned subsidiary within CSC’s global cybersecurity business reporting to Samuel S. Visner, CSC vice president and cyber lead executive. Jim Miller, VRL’s president, will continue to serve in this capacity for the business and direct its ongoing operations.
“VRL’s technologists develop world-class countermeasures to deal effectively with a vast array of advanced persistent cyber threats,” said Visner. “CSC’s clients now have access to unmatched capabilities in order to assess the threats they face and to manage them confidently. VRL’s capabilities will enhance CSC’s cybersecurity offerings to clients in the financial services, energy and natural resources, healthcare, manufacturing, and technology and consumer markets, as well as the public sector.”
“The unique capabilities that VRL provides are unparalleled in the cybersecurity industry. We believe that a talent pool such as the one we’ve assembled has never before existed in a commercial entity,” added Miller. “By combining our in-depth knowledge of the cyber threats that target corporations and governments with CSC’s existing cybersecurity capabilities, we intend to jointly develop a new generation of threat intelligence solutions that will provide the utmost security to our combined clients in the public and private sectors.”
CSC’s cybersecurity offerings include vulnerability analysis and penetration testing, data loss prevention services, a full range of managed security services, a global cyber strike-force to respond to cybersecurity incidents, cyber forensics training and analysis, Common Criteria Test Laboratories in the US, Europe, and the Far East, and a worldwide infrastructure of Security Operations Centers. CSC’s nearly 2,000 cyber professionals serve commercial clients and public sector enterprises in the United States and overseas, including civilian departments and agencies, and defense organizations.
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, the Managed Services Sector and the North American Public Sector. CSC’s advanced capabilities include system design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. The company has been recognized as a leader in the industry, including being named by FORTUNE Magazine as one of the World’s Most Admired Companies for Information Technology Services (2010). Headquartered in Falls Church, Va., CSC has approximately 95,000 employees and reported revenue of $16.2 billion for the 12 months ended July 2, 2010. For more information, visit www.csc.com or for more about CSC’s cyber solutions, go to www.csc.com/cybersecurity.
All statements in this press release and in all future press releases that do not directly and exclusively relate to historical facts constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements represent the Company’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company’s control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled “Risk Factors” in CSC’s Form 10-K for the fiscal year ended April 2, 2010 and any updating information in subsequent SEC filings. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent event or otherwise, except as required by law.