Computer Sciences Corporation

Last updated

Computer Sciences Corporation
Company type Public
NYSE: CSC
Industry IT services, IT consulting
FoundedApril 1959;64 years ago (1959-04)
Founder Roy Nutt
Fletcher R. Jones
DefunctApril 3, 2017 (2017-04-03)
Fate Merged with HP Enterprise Services; formed DXC Technology
Successor DXC Technology
Headquarters
Tysons Corner, Virginia
,
United States
Area served
Worldwide
Key people
John Michael Lawrie
(Chairman, President and CEO) [1]
Services IT, business consulting and outsourcing services
Subsidiaries Computer Sciences Raytheon, Xchanging
CSC's former headquarters in El Segundo, California, USA (branch office after 2008) Old CSC headquarters.jpg
CSC's former headquarters in El Segundo, California, USA (branch office after 2008)

Computer Sciences Corporation (CSC) was an American multinational corporation that provided information technology (IT) services and professional services. On April 3, 2017, it merged with the Enterprise Services line of business of HP Enterprise (formerly Electronic Data Systems) to create DXC Technology. [2] [3]

Contents

History

CSC was founded in April 1959 in Los Angeles, California, by Roy Nutt and Fletcher Jones. [4] CSC initially provided programming tools such as assembler and compiler software. [5]

In the 1960s, CSC provided software programming services to major computer manufacturers like IBM and Honeywell and secured their first contracts for the U.S. public sector with NASA (among others). [5]

By 1963, CSC became the largest software company in the United States and the first software company to be listed on the American Stock Exchange. [6] By the end of 1968, CSC was listed on the New York Stock Exchange and had operations in Canada, India, the United Kingdom, Germany, Spain, Italy, Brazil, and the Netherlands.

In 1967, CSC set up Computicket Corp. to compete in the fledgling electronic ticket market competing with Ticketron but lost $13 million and discontinued the service in 1970. [7]

In the 1970s and 1980s, CSC expanded globally winning large contracts for the finance and defense industries and through acquisitions in Europe and Australia.

Since its beginnings in 1959, company headquarters had been in California. On March 29, 2008, the corporate headquarters of the company were relocated from El Segundo, California, to Falls Church, Virginia. [8] [9] CSC had been a Fortune 500 Company since 1995, [10] coming in at 162 in the 2012 rankings. [11]

In fiscal 2013, CSC acquired ServiceMesh (cloud management) for $282M, Infochimps (a big data platform) for $27M, 42Six (analytics for national intelligence) for $35 million, iSOFT (application solutions) for cash and debt, and AppLabs (application testing) for $171M. [12]

In May 2015, CSC announced plans to split the public sector business from its commercial and international business. [13] In August, it was announced that CSC's Government Service business would merge with SRA International to form a new company — CSRA—at the end of November 2015. [14]

In July 2015, CSC and HCL Technologies announced the signing of a joint venture agreement to form a banking software and services company, Celeriti FinTech. [15] [16]

In September 2015, CSC closed the acquisition of Fixnetix, a provider of front-office managed trading solutions in capital markets. [17] CSC also acquired Fruition Partners, a provider of technology-enabled solutions for the service-management sector during the month. [18]

In November 2015, CSC agreed to acquire the shares of UXC, an IT services company based in Australia in a deal valued at A$427.6 million ( US$309 million). [19]

In December 2015, business technology and services provider, Xchanging, agreed to be purchased by CSC. [20]

In February 2016, CSC announced it was moving its headquarters to Tysons, Fairfax County's central business district, just a few miles from Annandale, Virginia. [21]

On April 3, 2017, it merged with HPE Enterprise Services to create DXC Technology. [2] [3]

In 2000, CSC founded a joint-venture called Innovative Banking Solutions AG [22] in Wiesbaden, Germany, to market their newly developed SAP solution for mortgage companies.

Business

CSC once ranked among the leading IT service providers in the world. [23] [24] [25] Geographically, CSC had major operations throughout North America, Europe, Asia, and Australia.

The company operated in three broad service lines or sectors until the 2015 divestment of NPS, its public sector:

The company made several acquisitions, including DynCorp in 2003 [29] [30] and Covansys Corporation in 2007. [31]

Awards and recognition

Criticism

See also

Related Research Articles

<span class="mw-page-title-main">Cisco</span> American multinational technology company

Cisco Systems, Inc.,, is an American multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. Cisco specializes in specific tech markets, such as the Internet of things (IoT), domain security, videoconferencing, and energy management with leading products including Webex, OpenDNS, Jabber, Duo Security, Silicon One, and Jasper. Cisco is one of the largest technology companies in the world, ranking 82nd on the Fortune 100 with over $51 billion in revenue and nearly 83,300 employees.

<span class="mw-page-title-main">Accenture</span> Irish multinational consulting company

Accenture plc is an Irish-American professional services company based in Dublin, specializing in information technology (IT) services and consulting. A Fortune Global 500 company, it reported revenues of $64.1 billion in 2023. Accenture's current clients include 91 of the Fortune Global 100 and more than three-quarters of the Fortune Global 500. As of 2022, Accenture is considered the largest consulting firm in the world by number of employees.

<span class="mw-page-title-main">CA Technologies</span> American software company (1976–2018)

CA Technologies, Inc., formerly Computer Associates International, Inc., and CA, Inc., was an American multinational enterprise software developer and publisher that existed from 1976 to 2018. CA grew to rank as one of the largest independent software corporations in the world, and at one point was the second largest. The company created systems software that ran in IBM mainframe, distributed computing, virtual machine, and cloud computing environments.

<span class="mw-page-title-main">McKesson Corporation</span> U.S. healthcare company

McKesson Corporation is an American company distributing pharmaceuticals and providing health information technology, medical supplies, and care management tools. The company delivers a third of all pharmaceuticals used in North America and employs over 78,000 employees. McKesson had revenues of $238.2 billion in its fiscal year ending March 31, 2021.

Covansys Corporation was a global consulting and technology services company, specializing in outsourcing of personnel and services, headquartered in Farmington Hills, Michigan. The company specialized in industry-specific solutions, strategic outsourcing and integration services. Raj Vattikuti founded Covansys in 1985, originally named Complete Business Solutions, Inc., with five employees.

<span class="mw-page-title-main">Fiserv</span> Provider of financial services technology to banks

Fiserv, Inc. is an American multinational company headquartered in Milwaukee, Wisconsin, that provides financial technology and services to clients across the financial services sector, including banks, thrifts, credit unions, securities broker dealers, mortgage, insurance, leasing and finance companies, and retailers.

<span class="mw-page-title-main">Zebra Technologies</span> American technology company

Zebra Technologies Corporation is an American mobile computing company specializing in technology used to sense, analyze, and act in real time. The company manufactures and sells marking, tracking, and computer printing technologies. Its products include mobile computers and tablets, software, thermal barcode label and receipt printers, RFID smart label printers/encoders/fixed & handheld readers/antennas, autonomous mobile robots (AMR’s) & machine vision (MV), and fixed industrial scanning hardware & software.

<span class="mw-page-title-main">Dayforce</span> American technology company

Dayforce, Inc., formerly Ceridian, is a provider of human resources software and services with employees across its global footprint in the United States, Canada, Europe, Middle East, Africa (EMEA), and the Asia Pacific Japan (APJ) region. It is a publicly traded company on the New York Stock Exchange and Toronto Stock Exchange.

<span class="mw-page-title-main">Affiliated Computer Services</span> Defunct American IT Company

Affiliated Computer Services Inc. (ACS) was a company that provided information technology services as well as business process outsourcing solutions to businesses, government agencies, and non-profit organizations. ACS was based in Dallas, Texas. ACS was ranked at number 341 on the 2010 Fortune 500 list. Founded in 1988, by Darwin Deason, ACS operated in nearly 100 countries, generating over $6 billion annually. As of September 2009, ACS employed approximately 74,000 people.

<span class="mw-page-title-main">CDW</span> American technology company

CDW Corporation, headquartered in Vernon Hills, Illinois, is a provider of technology products and services for business, government and education. The company has a secondary division known as CDW-G, devoted solely to United States governmental entities, such as K-12 schools, universities, non-profit healthcare organizations, State & Local and the Federal government.

<span class="mw-page-title-main">Xchanging</span> UK DXC Technology owned company

Xchanging is a business process and technology services provider and integrator, owned by DXC Technology, providing business services to the commercial insurance industry. In outsourcing, Xchanging will typically take over a customer's business process, or back office function, and incorporate them into an existing platform.

Jack Henry & Associates, Inc. (JHA) is a provider of financial technology solutions and payment processing services, mostly to community banks and credit unions. The company offers transaction processing, business process automation, and information management solutions and services. They assist regional banks and credit unions to control risk, make regulatory filings and add or improve their online banking services.

<span class="mw-page-title-main">Hyland Software</span> Documentation management software company

Hyland Software is the developer of the enterprise content management (ECM) and process management software suite called OnBase. Applications of the suite are used in healthcare, financial institutions, insurance, government, higher education and manufacturing. The firm has its headquarters in Westlake, Ohio, and offices in Lincoln, Nebraska; Irvine, California; Charlotte, North Carolina; São Paulo, Brazil; London, England; Tokyo, Japan; Andover, Massachusetts; Melbourne, Australia; Kolkata, India; Sydney, Australia; Berlin, Germany; Olathe, Kansas; Bloomington, Minnesota; Salt Lake City, Utah; Phoenix, Arizona; and Tampa, Florida.

UXC Ltd is an Australian company owned by DXC Technology, which operates in the IT services industry with over 3,000 employees in the private and public sectors across Australasia. UXC is composed of three distinct internal groups in various industry segments.

<span class="mw-page-title-main">Electronic Data Systems</span> American information technology company

Electronic Data Systems (EDS) was an American multinational information technology equipment and services company headquartered in Plano, Texas, which was founded in 1962 by Ross Perot. The company was a subsidiary of General Motors from 1984 until it was spun off in 1996. EDS was acquired by Hewlett-Packard in 2008.

<span class="mw-page-title-main">ACI Worldwide</span> American payment systems company

ACI Worldwide Inc. is a payment systems company headquartered in Miami, Florida. ACI develops a broad line of software focused on facilitating real-time electronic payments. These products and services are used globally by banks, financial intermediaries such as third-party electronic payment processors, payment associations, switch interchanges, merchants, corporations, and a wide range of transaction-generating endpoints, including automated teller machines ("ATM"), merchant point of sale ("POS") terminals, bank branches, mobile phones, tablet computers, corporations, and internet commerce sites.

<span class="mw-page-title-main">Xylem Inc.</span> American water technology provider company

Xylem Inc. is a large American water technology provider, in public utility, residential, commercial, agricultural and industrial settings. The company does business in more than 150 countries. Launched in 2011 as the spinoff of the water-related businesses of ITT Corporation, Xylem is headquartered in Washington, DC, with 2018 revenues of $5.2 billion and 17,000 employees worldwide.

<span class="mw-page-title-main">Luxoft</span> Swiss technology company

Luxoft, a DXC Technology subsidiary, is represented in 21 countries with 17 000+ employees globally. Luxoft is headquartered in Zug, Switzerland.

Veritas Capital Fund Management, L.L.C. is a New York–based private-equity firm founded in 1992 that invests in companies providing critical products and services, primarily technology-enabled products and services, to government and commercial customers worldwide. The firm's first fund closed in 1998. They closed an eighth flagship fund in 2022; in all, Veritas has approximately $45 billion of assets under management. Veritas is led by Ramzi Musallam, the firm's Chief Executive Officer and Managing Partner.

<span class="mw-page-title-main">DXC Technology</span> American multinational IT services company

DXC Technology Company is an American multinational information technology (IT) services and consulting company headquartered in Ashburn, Virginia.

References

  1. ↑ "Management and Board of Directors". Computer Sciences Corporation. Retrieved July 2, 2015.
  2. 1 2 "CSC Announces Merger with Enterprise Services Segment of Hewlett Packard Enterprise to create a Global IT Services Leader". Press release. May 24, 2016. Retrieved November 4, 2016.
  3. 1 2 "New York Stock Exchange | DXC Technology". Archived from the original on April 6, 2017.
  4. ↑ "Our History". CSC web site. Retrieved June 1, 2010.
  5. 1 2 "CSC, History". fundinguniverse.com.
  6. ↑ "History in the Computing Curriculum" (PDF). Retrieved November 21, 2014.
  7. ↑ Arneel, Gene (April 8, 1970). "Computicket Folds With $13-Mil Loss, But Ticketron Still Punching Away". Variety . p. 117.
  8. ↑ "Computer Sciences Corporation, Form 10-Q, Quarterly Report, Filing Date Feb 6, 2008". secdatabase.com. Retrieved March 29, 2013.
  9. ↑ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Mar 31, 2008". secdatabase.com. Retrieved March 29, 2013.
  10. ↑ "FORTUNE 500: Companies by year C". CNN. Retrieved March 28, 2011.
  11. ↑ "Fortune 500 - Fortune". Fortune. Retrieved July 2, 2015.
  12. ↑ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date March 28, 2014". sec.gov. Retrieved November 2, 2020.
  13. ↑ "Exclusive: Computer Sciences prepares to break itself up - sources". Reuters. May 14, 2015. Retrieved May 21, 2015.
  14. ↑ "CSC to Combine Government Services Unit with SRA Upon Separation from CSC; Combination will Create Leading Pure-Play Government I.T. Business in the U.S." CSC. Retrieved October 2, 2015.
  15. ↑ "CSC and HCL Form Joint Venture to Deliver Digital Software and Services to Global Banking Clients". BusinessWire. Retrieved July 23, 2015.
  16. ↑ "CeleritiFinTech". HCLTECH.
  17. ↑ "Computer Sciences (CSC) Completes Fixnetix Acquisition". NASDAQ.com. Retrieved February 25, 2016.
  18. ↑ "CSC Finalizes Fruition Partners Acquisition". Computer Sciences Corporation. Archived from the original on February 23, 2017. Retrieved February 25, 2016.
  19. ↑ "CSC Confirms Agreement to Acquire Australia's UXC Limited". Computer Sciences Corporation. Archived from the original on February 28, 2016. Retrieved February 25, 2016.
  20. ↑ "Computer Sciences Corporation to buy Xchanging in £480m deal". www.cityam.com. Retrieved December 9, 2015.
  21. ↑ "CSC moving headquarters to Tysons Corner". WTOP. Retrieved February 25, 2016.
  22. ↑ iBS – Smart Applications for Banking on SAP. 2000|https://www.ibs-banking.com/en/company.html
  23. ↑ Software Company | url=http://www.niveosys.com | Magic Quadrant for End-User Outsourcing Services, North America, 26 August 2014 | publisher=Gartner, Inc.
  24. ↑ "The Top Companies in the IT Services Industry (2009)". Archived from the original on March 24, 2011. Retrieved November 25, 2014.
  25. ↑ "Top 10 IT Service Providing Companies". siliconindia.com. Retrieved November 25, 2014.
  26. 1 2 "Supplier profile: CSC". Computer Weekly.
  27. ↑ "CSC Wins $59 Million Task Order From FBI to Provide Call Center". Bloomberg.
  28. ↑ "Computer weekly Supplier Profile : CSC" (PDF). CSC’s outsourcing journey has brought it full circle. p. 3.
  29. ↑ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Dec 13, 2002". secdatabase.com. Retrieved March 29, 2013.
  30. ↑ "Computer Sciences Corporation Completes Acquisition of DynCorp". Archived from the original on December 13, 2012. Retrieved August 19, 2012.
  31. ↑ "CSC completes acquisition of Covansys". Archived from the original on November 16, 2012. Retrieved August 19, 2012.
  32. ↑ "CSC Named to Software Magazine's 30th Annual Software 500". Computer Sciences Corporation. Archived from the original on March 16, 2014. Retrieved July 2, 2015.
  33. ↑ Brewster, Tom, NHS To Spend £2.2bn On 'Rotten' CSC NPfIT Work, techweekeurope
  34. ↑ Portero, Ashley. "30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008-2010". International Business Times . Archived from the original on January 7, 2012. Retrieved 26 December 2011.
  35. ↑ Nebojsa Despotovic (November 13, 2011). "CSC Accounting Fraud Extends to Australia - BizCloud® Network". BizCloud® Network. Archived from the original on November 15, 2011. Retrieved July 2, 2015.
  36. ↑ Bort, Julie. "The SEC just clawed back $4 million from the former CEO of tech giant CSC and accused it of fraud". Business Insider. Retrieved December 10, 2020.
  37. ↑ "Computer Sciences Corporation torture link challenges Norway's ethical reputation". Archived from the original on June 1, 2012. Retrieved August 19, 2012.
  38. ↑ Rupert Neate. "Lloyds owns stake in US firm accused over CIA torture flights". the Guardian. Retrieved July 2, 2015.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.