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Stock Market & Financial Investment News

News Breaks
February 20, 2013
18:54 EDTCSCCSC to sell Southeast Asia reseller unit
CSC has reached a definitive agreement with a consortium comprising ITOCHU Techno-Solutions Corporation and ITOCHU Corporation for the sale of CSC's Enterprise Systems Integration unit, a reseller of enterprise hardware and software and a provider of maintenance services with operations in Malaysia and Singapore, for $90M in cash. This transaction, representing CSC's fourth divestiture within the last four months, furthers CSC's transformation strategy to rebalance its portfolio of services. The transaction is expected to close in March.
News For CSC From The Last 14 Days
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July 23, 2015
16:57 EDTCSCCSC, HCL Technologies form joint venture
Global IT leaders CSC and HCL Technologies announced the signing of a definitive joint venture agreement to form a banking software and services company. The joint venture will invest in platform modernization and product functionality enhancement and will capitalize on the proven capabilities of both companies in addressing the multi-billion-dollar, global core banking software market. CSC, which currently serves over 100 premier banking and financial services clients in 15 countries, will provide its core banking, cards, payments and default management industry talent, software and product development expertise. HCL will provide capital investment, extensive experience in product engineering and application implementation services, as well as banking sales and client engagement expertise.

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