FALLS CHURCH, Virginia, April 30 /PRNewswire/ --
- Contract Expands Companies' Global Relationship
Computer Sciences Corporation (NYSE: CSC) today announced that it has signed an information technology (IT) desktop services outsourcing contract expanding the scope of services CSC provides to Zurich Financial Services Group (Zurich), a world-leading, insurance-based financial services provider. The new agreement has a six-year base period at an estimated value of US$399 million with a two-year extension option.
Under the contract, CSC will assume responsibility for the provision of Zurich's electronic Workplace (eWP) desktop services to its businesses in the United States, Canada, the United Kingdom, Switzerland, Germany, Italy and Spain. The scope includes global service desk, local on-site support, and software packaging and distribution to approximately 51,000 users. The eWP service will provide Zurich with the cost and performance benefits of a globally standardised desktop service environment while allowing organizations within Zurich to tailor services specifically to their business needs and locations.
"We are pleased to announce this expansion of our relationship with Zurich," said CSC Chairman, President and Chief Executive Officer Michael W. Laphen. "CSC's global expertise in desktop computing services will provide Zurich's businesses with access to innovative technology and services and bring new levels of efficiency in support of Zurich's global IT strategy."
Michael Paravicini, Chief Information Technology Officer at Zurich Financial Services Group, said, "CSC already provides support for the development and maintenance of our application software, and our expanded relationship will allow us to provide a more integrated holistic solution for both our eWP and application support needs."
CSC's relationship with Zurich began in July 2004 when they signed a landmark seven-year global IT applications outsourcing contract. Through the agreement, CSC provides all applications development and support services to Zurich's businesses in the United States, the United Kingdom, Switzerland and Germany.
About Zurich
Zurich Financial Services Group (Zurich) is an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 people serving customers in more than 170 countries.
About CSC
Computer Sciences Corporation is a leading IT services company. CSC's mission is to be a global leader in providing technology-enabled business solutions and services.
With approximately 91,000 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. CSC reported revenue of US$16.1 billion for the 12 months ended Dec. 28, 2007. For more information, visit the company's Web site at http://www.csc.com.
Web site: http://www.csc.com
Mike Dickerson, Director, Media Relations, Corporate, +1-310-615-1647, mdickers@csc.com, or Bill Lackey, Director, Investor Relations, Corporate, +1-310-615-1700, blackey3@csc.com, both of Computer Sciences Corporation
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