Computer Sciences Corporation

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Computer Sciences Corporation
Type Public
Traded as NYSE: CSC
S&P 500 Component
Industry IT services, IT consulting
Founded April 1959
Founder(s) Roy Nutt
Fletcher R. Jones
Bob Patrick
Headquarters Falls Church, Virginia
(Falls Church mailing address), United States
Area served Worldwide
Key people John Michael Lawrie, President and CEO[1]
Services IT, business consulting and outsourcing services
Revenue US$ 22 billion (FY 2013)[2]
Employees 90,000 (March 29, 2013)[3]
Subsidiaries CSC India,
Computer Sciences Raytheon
Website www.csc.com
CSC's branch office in El Segundo, California, USA

Computer Sciences Corporation (CSC) is an American multinational corporation that provides information technology (IT) services and professional services.[2] Its headquarters are located in Falls Church, Virginia. CSC has 90,000 employees in over 70 countries. Its clients include commercial enterprises and the U.S. federal government, as well as state, local and non-U.S. government agencies.[3]

In September 2009, when Xerox acquired Affiliated Computer Services,[4] CSC became the only remaining independent major outsourcing vendor with headquarters and major operations in the US.[5]

CSC is acknowledged as the world's fourth most admired IT Services company.[6] The company also figures in the Forbes Global 2000 list.[7]


History

CSC was founded in April 1959. by Roy Nutt, Fletcher Jones and Bob Patrick.[8] Their goal then was to provide programming tools such as assemblers and compilers. Jones, who ran the business and marketing, obtained a contract from Honeywell that made the business profitable and respected within the industry. Although its competitor Computer Usage Company had been founded earlier, in 1955,[9] by 1963 CSC became the largest software company in the United States and took the business public with an IPO listed on the American Stock Exchange. 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.

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 to Annandale, Virginia.[10][11] CSC has been a Fortune 500 Company since 1995,[12] coming in at 162 in the 2012 rankings.[13]

Business

CSC employs about 90,000 employees (as of March 29, 2013) in 70 countries and ranks among the largest outsourcing companies in the world. Geographically, CSC has major operations throughout North America, Europe, Asia and Australia.[3]

The company delivers these services through three broad service lines or sectors:[3]

  • North American Public Sector (NPS): a leading federal contractor that provides IT-related and mission/operations-related services to the U.S. federal government (since 1961) and is one of its major IT service providers.
  • Managed Services Sector (MSS): provides information systems outsourcing services to clients in a broad array of industries, including aerospace and defense, automotive, chemical and natural resources, consumer goods, financial services, healthcare, manufacturing, retail and distribution, telecommunications, and technology.
  • Business Solutions and Services (BSS): serves a broad array of industries, providing industry specific solutions in areas such as consulting and systems integration, business process outsourcing, and intellectual property-based software to chemical, energy and natural resources; financial services; technology and consumer; manufacturing; healthcare; and public sector organizations. In addition, BSS provides professional technology staffing services in Australia, computer equipment repair and maintenance services in Asia, and credit reporting services in the United States.

Acquisitions

  • HCL Technologies and CSC Announce Strategic Partnership to Address the Application Modernization Market (2014)[14]
  • ServiceMesh, a Santa Monica, CA based Cloud Management Platform leader (2013)
  • 42Six, based in Columbia, Md., 42Six is a premiere software development company that specializes in big data processing and analytics and advanced applications support for the U.S. Government Intelligence Community (IC) and the Department of Defense (DoD). (2013 Oct 03) [15]
  • InfoChimps, an Austin, TX based Big Data Services Startup (2013)
  • Object Builder Software, a Bulgarian IT services provider (2011)[16]
  • Maricom Systems, Inc., a business intelligence and data management solutions company (2011)[17]
  • AppLabs, a Hyderabad-based software testing company (2011)[18][19]
  • VIXIA Consultoria e Tecnologia Ltda., a São Paulo-based IT services firm (2011)[20]
  • iSOFT Group Limited (2011), adding iSOFT’s 3,000 global employees, including those from major research and development centers in India, Spain, UK, Australia, New Zealand and Central Europe[21][22]
  • CenTauri Solutions, LLC (2010)[23]
  • Image Solutions Inc., a global leader in regulatory submission management solutions and related implementation and outsourcing services for the Life Sciences sector (2010)[24][25]
  • Vulnerability Research Labs (2010)[26]
  • Bass & Company (2010)[27]
  • BearingPoint's Brazil operations (2009)[28]
  • Log.Sec Corporation (2008)[29]
  • OBS BG (2008), renamed to CSC BG[30]
  • First Consulting Group (2008)[31]
  • Covansys Corporation Limited (2007)[32]
  • Datatrac Information Services, Inc., a U.S. government services and solutions provider headquartered in Richardson, Texas (2006)[33][34]
  • DynCorp, one of the largest U.S.-based, employee-owned technology and outsourcing firms (2003);[35][36] sold three DynCorp units (DynCorp International, DynMarine and certain DynCorp Technical Services contracts) to Veritas Capital Fund, LP in 2005[37]
  • Mynd Corporation, formerly known as Policy Management Systems Corporation (PMSC, including PMSC India) (2001)[38][39]
  • Nichols Research Corp., a defense and intelligence research specialist and systems integrator (1999)[40][41]
  • Continuum Co., an Austin, Texas-based competitor specializing in software and services for banks and insurance companies (1996)[42][43]
  • Ploenzke AG, Germany's largest independent computer services firm (1995)[44][45]
  • Butler Cox, a London-based IT consultancy (1991)[46]
  • Index Group, a leading US consultancy with a base in the UK (1988)[46]

Awards/ Recognition

  • Ranked 8th in Software Magazine’s Software 500 ranking of the world’s largest software and service providers.[47]
  • Awarded Gold Level Achievement for the American Heart Association’s (AHA) 2012 Fit-Friendly Companies Recognition program My Heart. My Life.[48]
  • Recognized by Corporate Responsibility Magazine as one of the Best Corporate Citizens in government contracting for both 2011 and 2012.[49]
  • Ranked in the top 50 greenest companies in America in the 2011 Newsweek Green Rankings.[50]
  • Ranked in the top ten by Corporate Responsibility Magazine as one of the “Industry Sector Best Corporate Citizens in Business Services” for 2011.[51]
  • Identified as a “Leader” in the March 11, 2011, Forrester Research, Inc. report “The Forrester Wave™: Global IT Infrastructure Outsourcing, Q1 2011”.[52]
  • Selected as a top simulation and training company (for the third consecutive year in 2011) by Military Training Technology, a member of Kerrigan Media Group.[53]
  • Recognized by FORTUNE magazine as one of the “World’s Most Admired Companies” - ranked number five (2010) and four (2011) in the Information Technology Services category.[54][55]
  • Ranked 3rd in both 'Buy Side Contract Management' and 'Sell Side Contract Management' in the 2010 annual survey of the Top Companies in Contract Management published by The International Association of Contract and Commercial Management (IACCM). [56]

Criticism

  • In June 2013, Margaret Hodge, chair of the Public Accounts Committee, a Select Committee of the British House of Commons, described CSC as a "rotten company providing a hopeless system", with reference to their multi-billion pound contract to deliver the National Programme for IT Lorenzo contract.[57]
  • In December 2011, the non-partisan organization Public Campaign criticized CSC for spending $4.39 million on lobbying and not paying any taxes during 2008–2010, instead getting $305 million in tax rebates, despite making a profit of $1.67 billion.[58]
  • In February 2011, the SEC launched a fraud investigation into CSC’s accounting practices in Denmark and Australian business. CSC's CFO Mike Mancuso confirmed that accounting errors and intentional misconduct by certain personnel in Australia prompted SEC regulators to turn their gaze to Australia. Mancuso also stated that the alleged misconduct includes $19 million in both intentional accounting irregularities and unintentional accounting errors.[59]
  • The company has been accused of breaching human rights by arranging several illegal rendition flights for the CIA between 2003 and 2006, which also has led to criticism of shareholders of the company, including the governments of Norway and Britain.[60][61]

See also

References

  1. ↑ Management and Board of Directors
  2. ↑ 2.0 2.1 "Computer Sciences Corporation, Form 10-K, Annual Report, Filing Date May 29, 2012". secdatabase.com. Retrieved Mar 29, 2013. 
  3. ↑ 3.0 3.1 3.2 3.3 "Computer Sciences Corporation, Form 10-K, Annual Report, Filing Date May 15, 2013". BusinessWeek.com. Retrieved Dec 27, 2013. 
  4. ↑ "Affiliated Computer Services, Form 8-K, Current Report, Filing Date Sep 29, 2009". secdatabase.com. Retrieved Mar 29, 2013. 
  5. ↑ "Xerox In $6.4 Billion ACS Buy: Xerox will pay cash and stock to acquire IT and business process outsourcer Affiliated Computer Services". Information Week. September 28, 2009. Retrieved June 1, 2010. 
  6. ↑ Fortune World's Most Admired Companies - Computer Sciences
  7. ↑ Global 2000 - The World's Biggest Public Companies
  8. ↑ "Our History". CSC web site. Retrieved June 1, 2010. 
  9. ↑ A History of Silicon Valley
  10. ↑ "Computer Sciences Corporation, Form 10-Q, Quarterly Report, Filing Date Feb 6, 2008". secdatabase.com. Retrieved Mar 29, 2013. 
  11. ↑ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Mar 31, 2008". secdatabase.com. Retrieved Mar 29, 2013. 
  12. ↑ "FORTUNE 500: Companies by year C". CNN. Retrieved March 28, 2011. 
  13. ↑ Fortune 500 2012 Computer Sciences
  14. ↑
  15. ↑ Williams, Heather. "CSC Acquires 42Six Solutions, LLC". Retrieved 18 January 2014. 
  16. ↑ CSC Strengthens Global Delivery Capabilities with Bulgarian Acquisition
  17. ↑ Acquisition Strengthens CSC’s Health Informatics and Health Information Services
  18. ↑ "Computer Sciences Corporation, Form 10-Q, Quarterly Report, Filing Date Nov 9, 2011". secdatabase.com. Retrieved Mar 29, 2013. 
  19. ↑ CSC Acquires IT testing firm AppLabs
  20. ↑ CSC Acquires Brazilian IT Services Firm VIXIA
  21. ↑ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Aug 3, 2011". secdatabase.com. Retrieved Mar 29, 2013. 
  22. ↑ CSC Finalizes iSOFT Acquisition
  23. ↑ CSC Acquires CenTauri Solutions
  24. ↑ CSC to acquire Image Solutions
  25. ↑ CSC Finalizes Image Solutions, Inc. Acquisition
  26. ↑ CSC Acquires Vulnerability Research Labs
  27. ↑ CSC Acquires Bass & Company
  28. ↑ CSC COMPLETES ACQUISITION OF BEARINGPOINT BRAZIL OPERATION
  29. ↑ CSC Acquires Log.Sec Corporation
  30. ↑ CSC Strengthens Global Delivery Capabilities with Bulgarian Acquisition December 11, 2008
  31. ↑ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Nov 1, 2007". secdatabase.com. Retrieved Mar 29, 2013. 
  32. ↑ CSC COMPLETES ACQUISITION OF COVANSYS
  33. ↑ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Feb 9, 2007". secdatabase.com. Retrieved Mar 29, 2013. 
  34. ↑ CSC Acquires U.S. Federal Service Provider Datatrac
  35. ↑ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Dec 13, 2002". secdatabase.com. Retrieved Mar 29, 2013. 
  36. ↑ Computer Sciences Corporation Completes Acquisition of DynCorp
  37. ↑ A Brief History of DynCorp International
  38. ↑ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Jun 20, 2000". secdatabase.com. Retrieved Mar 29, 2013. 
  39. ↑ CSC acquires Mynd Corporation
  40. ↑ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Nov 16, 1999". secdatabase.com. Retrieved Mar 29, 2013. 
  41. ↑ CSC to acquire Nichols Research
  42. ↑ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Aug 1, 1996". secdatabase.com. Retrieved Mar 29, 2013. 
  43. ↑ Computer Sciences to Buy Continuum for $1.4 Billion
  44. ↑ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Jan 23, 1995". secdatabase.com. Retrieved Mar 29, 2013. 
  45. ↑ CSC acquires leading German technology consulting firm
  46. ↑ 46.0 46.1 CSC: Our Highlights
  47. ↑ CSC Named to Software Magazine’s 30th Annual Software 500
  48. ↑ CSC Recognized as a Fit-Friendly Company by the American Heart Association
  49. ↑ CSC Recognized by CR Magazine as a Top Corporate Citizen in Government Contracting for the Second Consecutive Year
  50. ↑ CSC Recognized for Third Consecutive Year as One of America’s Greenest Companies by Newsweek
  51. ↑ CSC Recognized as a Top Corporate Citizen by CR Magazine
  52. ↑ Independent Research Report Cites CSC as a ‘Leader’ in Global IT Infrastructure Outsourcing
  53. ↑ CSC Named a Top Simulation and Training Company for Third Consecutive Year
  54. ↑ CSC Recognized as One of the World's Most Admired IT Services Companies by FORTUNE Magazine
  55. ↑ CSC Recognized as One of the World’s Most Admired IT Services Companies by FORTUNE Magazine for Second Consecutive Year
  56. ↑ Who is the best at Contract Management?
  57. ↑ Brewster, Tom, NHS To Spend £2.2bn On ‘Rotten’ CSC NPfIT Work, techweekeurope 
  58. ↑ 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 26 December 2011. Retrieved 26 December 2011. 
  59. ↑ CSC Accounting Fraud Extends to Australia
  60. ↑ Computer Sciences Corporation torture link challenges Norway's ethical reputation
  61. ↑ Lloyds owns stake in US firm accused over CIA torture flights

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