VF Corporation, CSC Announce Seven-year Information Technology Services Agreement
News Release -- November 05, 2010
GREENSBORO, N.C. and FALLS CHURCH, Va., Nov. 5 – VF Corporation (NYSE: VFC), the world’s largest apparel company with leading lifestyle brands such as Wrangler®, The North Face®, Lee®, Vans®, Nautica® and 7 For All Mankind®, and CSC (NYSE: CSC), a global leader in providing technology-enabled solutions and services, today announced the signing of a seven-year information technology (IT) services outsourcing agreement.
Under the agreement, CSC will bring new, innovative approaches to VF’s business use of IT, covering a broad spectrum of services, including service desk, end user support services, network services, distributed computing services and data center management services. Work will be performed utilizing CSC’s worldwide network of delivery centers. The transition from VF’s current information technology services provider to CSC is expected to be completed by the end of August 2011.
“We are pleased to have formed a collaborative relationship with CSC, a world-class information technology services company that has demonstrated a strong commitment to enabling and supporting the success of VF and our brands with its extensive technology capabilities,” said Martin Schneider, Vice President and Chief Information Officer for VF.
Added John Brantley, Vice President, Global Technology Operations for VF, “We are looking forward to the experience, flexibility and speed that CSC will bring to our relationship and have great confidence they will help us achieve VF’s growth goals.”
“CSC and VF are an ideal fit,” said Mary Jo Morris, president, Technology and Consumer Group, CSC. “VF is an extremely successful company and its brands are well known throughout the world. We are committed to a long-lasting relationship by drawing upon our formidable global network of IT professionals to bring operational excellence and innovation to VF and its global business.”
About VF Corporation
VF Corporation is a global leader in branded lifestyle apparel with more than 30 brands, including Wrangler®, The North Face®, Lee®, Vans®, Nautica®, 7 For All Mankind®, Eagle Creek®, Eastpak®, Ella Moss®, JanSport®, lucy®, John Varvatos®, Kipling®, Majestic®, Napapijri®, Red Kap®, Reef®, Riders® and Splendid®.
VF Corporation's press releases, annual report and other information can be accessed through the Company's home page, www.vfc.com.
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 the company’s website at www.csc.com.