Covansys Corporation

Last updated
Covansys
IndustryInformation Technology Services and Consulting
Founded1985
Defunct2007
Headquarters Farmington Hills, Michigan
Key people
Raj Vattikuti, Founder and CEO [1]
Number of employees
8,200, including 6,000 in India (2007) [1]

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. [2] Raj Vattikuti founded Covansys in 1985, originally named Complete Business Solutions, Inc., with five employees. [2]

In 2007, Computer Sciences Corporation (now DXC Technology) acquired Covansys for $34.00 per share in cash, or approximately $1.3 billion. [1] [3]

See also

Related Research Articles

Cognizant is an American multinational information technology services and consulting company. It is headquartered in Teaneck, New Jersey, U.S. Cognizant is part of the NASDAQ-100 and trades under CTSH. It was founded as an in-house technology unit of Dun & Bradstreet in 1994, and started serving external clients in 1996.

<span class="mw-page-title-main">Labcorp Drug Development</span> Contract research organization

Labcorp Drug Development is a contract research organization (CRO) headquartered in Burlington, North Carolina, providing nonclinical, preclinical, clinical and commercialization services to pharmaceutical and biotechnology industries. Formerly called Covance, the company is part of Labcorp, which employs more than 70,000 people worldwide. Labcorp Drug Development claims to provide the world's largest central laboratory network.

<span class="mw-page-title-main">Computer Sciences Corporation</span> Defunct American corporation that provided information technology services

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 to create DXC Technology.

<span class="mw-page-title-main">ADP (company)</span> American software company

Automatic Data Processing, Inc. (ADP) is an American provider of human resources management software and services, headquartered in Roseland, New Jersey.

<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">Albemarle Corporation</span> American chemical company

Albemarle Corporation is an American specialty chemicals manufacturing company based in Charlotte, North Carolina. It operates 3 divisions: lithium, bromine specialties and catalysts.

Parexel International is an American provider of biopharmaceutical services. It conducts clinical trials on behalf of its pharmaceutical clients to expedite the drug approval process. It is the second largest clinical research organization in the world and has helped develop approximately 95% of the 200 top-selling biopharmaceuticals on the market today. The company publishes the annual Parexel R&D Statistical Sourcebook, operates the Parexel-Academy, and councils all of the top 50 biopharmaceutical and top 30 biotechnology companies.

<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.

CSC is a company founded on 1 January, 1899, that operates in a range of sectors. It is headquartered in Wilmington, Delaware, and has offices in the United States, Canada, Europe, and the Asia-Pacific region.

Jack Henry & Associates, Inc. is an American technology company and payment processing service for the financial services industry. It serves more than 9,000 customers nationwide, and operates through three primary brands. Headquartered in Monett, Missouri, JHA made $1.55 billion in annual revenue during fiscal 2019.

Netcracker Technology Corp., a wholly owned subsidiary of NEC Corporation, is a provider of business support system (BSS), operations support systems (OSS) and software-defined networking (SDN) and network functions virtualization (NFV) solutions. The company also offers professional services, as well as managed services.

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">Exigen Services</span>

Exigen Services recently merged and renamed to Emergn. Insurance Software production under Exigen Insurance Solutions has separated and was renamed to EIS.

Cyient is a Global multinational technology company that is focused on engineering, manufacturing, data analytics, networks and operations. Infotech Enterprises Ltd. was established in 1991 in Hyderabad. Infotech Enterprises was re-branded as Cyient in 2014 and was featured among the top 30 outsourcing companies in the world in 2018.

HTC Global Services, established in 1990 and headquartered in Troy, Michigan is a provider of information technology and business process services.

<span class="mw-page-title-main">DST Systems</span>

DST Systems, Inc. is an American company that was acquired by SS&C Technologies in 2018. The company provided advisory, technology and operations outsourcing services to the financial services and healthcare industries. It was founded in February 1969 as Data·Sys·Tance, a subsidiary of Kansas City Southern Industries (KCSI) and is headquartered in Kansas City, Missouri, United States. As of 2016, DST employed 13,420 people worldwide.

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.

Raj Vattikuti is an American-Indian entrepreneur, business executive and philanthropist. He is the Founder and Chairman of Altimetrik Corp. He is also the founder of Vattikuti Foundation. through which he is involved in many charitable causes. Previously, he was Founder and CEO of Covansys Corp., an IT services company, which was acquired by Computer Sciences Corporation in a $1.3 billion deal.

References

  1. 1 2 3 "CSC Completes Acquisition of Covansys" (Press release). PRNewswire. July 2, 2007.
  2. 1 2 "Covansys Names Company Founder and Co-Chairman Raj Vattikuti as President & CEO" (Press release). PRNewswire. August 27, 2004.
  3. "CSC to acquire Covansys". The Hindu. April 27, 2007.