Snapshot of CSC
Since its establishment in 1959, CSC has successfully grown into a global leader of next generation IT services and solutions. Today Our 66,000 employees generate amazing solutions, in more than 60 countries worldwide. This year, CSC is continuing its amazing growth agenda by planning to merge with the Enterprise Services division of Hewlett Packard Enterprise in order to create a new Global IT Services Leader. The combined company will be one of the world’s largest pure-play IT services companies, uniquely positioned to lead clients’ digital transformations.
Amazing Works Here
When clients need help with cybersecurity, cloud computing, data analytics, or utility-based computing and storage models, they know they can turn to CSC for the solutions.
Our people lead businesses, governments, and communities on their digital transformation journeys and help them solve their toughest challenges, by providing innovative next-generation IT services and solutions that leverage deep industry expertise.
Our aim is quite simply, to be the global leader in providing technology-enabled business solutions and services, which means success for our customers, for CSC as a company, and for you as an individual
The Nordic Region
CSC Nordics operates in Denmark, Norway, and Sweden. Headquartered in Copenhagen, Denmark, CSC Nordics hold a key strategic factor due to our world-class, regionally located data center.
In the region, our 2,300 employees serve major clients within financial services, manufacturing, telecommunications, healthcare, public sector, and much more. CSC Nordics help commercial and public sector clients solve their toughest IT challenges by modernizing their business processes, applications, and infrastructure with next-generation technology solutions.
The CSC-HPE Enterprise Services Merger
This upcoming April, CSC plans to merge with the Enterprise Services division of Hewlett Packard Enterprise. When the merger transaction closes, the new company will become the world’s leading independent, end-to-end IT services company, focused on guiding clients on their digital transformation journeys. The new company is expected to have an annual revenue of $26 billion and more than 5,900 clients in 70 countries, with substantial scale to serve clients more efficiently and effectively worldwide. By combining, both companies will be able to more rapidly accelerate their already-improved financial and operational performance.
“As a more powerful, versatile and independent global technology services business, this new company will be well positioned to help clients succeed on their digital transformation journeys.”
— Mike Lawrie, Chairman, President and CEO of CSC
Additional Information and Where to Find It
In connection with the proposed transaction, Everett SpinCo, Inc., a wholly-owned subsidiary of Hewlett Packard Enterprise Company (“HPE”) created for the transaction (“Spinco”), filed with the SEC a registration statement on Form S-4 and a registration statement on Form 10 containing a prospectus-information statement and CSC will file with the SEC a proxy statement on Schedule 14A. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE REGISTRATION STATEMENTS AND PROSPECTUS-INFORMATION STATEMENT, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PARTIES AND THE PROPOSED TRANSACTION AND TO READ OTHER DOCUMENTS FILED BY CSC, HPE, AND SPINCO (INCLUDING AMENDMENTS TO EXISTING FILINGS) AS AND WHEN THOSE DOCUMENTS ARE FILED BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PARTIES AND THE PROPOSED TRANSACTION. Investors and security holders may obtain a free copy of these and other documents filed with the SEC by CSC, HPE and Spinco at the SEC’s web site at http://www.sec.gov. Free copies of these documents as well as other documents that will be filed in the future (including amendments to the documents) and each of the companies’ other filings with the SEC, may also be obtained from CSC’s web site at www.csc.com.
This communication is not a solicitation of a proxy from any investor or security holder. However, CSC, HPE, and certain of their respective directors, executive officers and other members of management and employees, may be deemed to be participants in the solicitation of proxies from stockholders of CSC in respect of the proposed transaction under the rules of the SEC. Information regarding CSC’s directors and executive officers is available in CSC’s 2016 Annual Report on Form 10-K filed with the SEC on June 14, 2016, and in its definitive proxy statement for its annual meeting of stockholders filed on June 24, 2016. Information regarding HPE’s directors and executive officers is available in HPE’s 2016 Annual Report on Form 10-K filed with the SEC on December 15, 2016, and in its definitive proxy statement for its annual meeting of stockholders filed on February 12, 2016. These documents as well as other documents filed by CSC, HPE or Spinco with the SEC can be obtained free of charge from the sources indicated above. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the registration statements, prospectuses and proxy statement and other relevant materials to be filed with the SEC when they become available.
This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
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.” Many factors could cause actual results to differ materially from such forward-looking statements with respect to the transaction referred to above including risks relating to the completion of the transaction on anticipated timing, including obtaining shareholder and regulatory approvals, anticipated tax treatment, unforeseen liabilities, future capital expenditures, inability to achieve expected synergies, loss of revenues, delay or business disruption caused by difficulties in integrating the businesses of CSC and Everett as well as the matters described in the “Risk Factors” section of Spinco’s Form S-4 and Form 10, CSC’s most recent Form 10-K and any updating information in subsequent SEC filings. CSC, Spinco and HPE disclaim any intention or obligation to update these forward-looking statements whether as a result of subsequent event or otherwise, except as required by law.