CSC Expands Partnership with SAP to Provide Additional Comprehensive Next-Generation Solutions to the Global Banking Industry
News Release -- May 15, 2013
ORLANDO, Fla.--CSC (NYSE: CSC) today announced an expanded partnership with SAP (NYSE: SAP) designed to accelerate the banking industry's move to next-generation technology platforms. CSC and SAP have cooperated to define a new global go-to-market strategy for their banking software and services offerings to help reduce the risk, implementation time, and cost of modernizing business processes and IT environments.
Under the expanded alliance, CSC will be an SAP global services partner for the banking industry and is expected to provide systems integration services for banks using SAP solutions. CSC is also now a global value-added reseller of SAP, authorized to resell SAP products, services and support. In addition, SAP and CSC will co-sell their banking software and solutions.
The companies' software and services address a wide spectrum of enterprise technology and business needs to help banks keep pace with evolving customer, market and regulatory demands. Banks that have delayed upgrading their infrastructure and applications can modernize them incrementally, which can help lead to both lower costs and risk. The companies can unify for customers a set of next-generation consulting, software, enterprise services and testing technology platforms that are designed to leverage both companies' banking industry expertise and extensive offerings.
"Modernization is both a costly and complex undertaking for banks around the globe," said Robert Hunt, senior research director, CEB TowerGroup. "Because of this, many banks continue to operate on legacy systems developed decades ago. Choosing services and software from CSC and SAP makes perfect sense and offers a compelling proposition to banks that have pushed out or barely started their modernization projects to help meet customer demands or improve operating efficiency."
"Our vision for this software partnership is to help enable large global and mid-sized regional banks to drive profitable growth through cost savings, greater agility, more innovation and a superior customer experience," added Thomas E. Hogan, executive vice president and general manager, CSC Global Business Services. "Banks will now have more choice when modernizing their technology systems."
"CSC and SAP have been partnering for 30 years, helping to bring value to customers around the world," said Robert Enslin, president of Global Customer Operations and a member of Global Managing Board, SAP. "With this expanded relationship, we look forward to further accelerating our efforts in the banking industry."
As a long-time SAP global services partner, CSC implements and delivers SAP solutions to customers across many industries and is an SAP-certified provider of cloud services, hosting services and application management services. In addition, CSC has a successful practice in Central Europe focused on SAP solutions used in the banking industry and has collaborated with SAP on many complex implementation projects.
For more information, please visit CSC's company profile.
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