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News Release-- November 02, 2005
CSC signs IT application services contract with Banca Intesa
Agreement Helps Accelerate CSC's Growth in the Italian Applications Services Market
EL SEGUNDO, Calif., Nov. 2 – Computer Sciences Corporation (NYSE: CSC) announced today that it has signed an information technology (IT) services agreement with Banca Intesa, the largest banking group in Italy.
Under the terms of the agreement, CSC will be the preferred applications provider for Banca Intesa, supplying systems design and integration, architecture, application development and management support of both custom and packaged software.
"We are delighted to work with CSC and realize the benefits of their global best practices and capabilities to support our needs as the leading group in the Italian financial services industry," said Massimo Del Vecchio, Application Systems Manager of Banca Intesa IS Direction. "This agreement will ensure our operational success in support of our customers, improve our cost/performance ratio and significantly benefit the business."
"Banca Intesa's selection of CSC underscores our leadership in global application management and services, as well as our wealth of experience in the global financial services industry," said Guy Hains, president of CSC's European Group. "We look forward to applying our expertise and resources to deliver significant results in support of Banca Intesa's business goals."
CSC will provide all the services from its network of World Sourcing delivery centers in Milan, Italy, as well as others around the world.
About Banca Intesa
Banca Intesa is one of the leading Italian banking groups and one of the main players in the European financial scenario. Banca Intesa has a leader position in the Italian financial market with a wide range of products and services providing for more than 7 million families and one million companies in Italy, in addition to 3.5 million customers abroad. Banca Intesa has over 3,000 banking branches all over Italian regions, and over 800 branches in more than 20 counties abroad. Customer deposits under administration amounted to 483 billion euros at 30 June, 2005.
About CSC
Founded in 1959, Computer Sciences Corporation is a leading global information technology (IT) services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.
With approximately 78,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of US$14.3 billion for the 12 months ended July 1, 2005. For more information, visit the company's Web site at www.csc.com.