Market Overview

CSC to Sell Southeast Asia Reseller Unit for $90M in Cash

CSC (NYSE: CSC)
has reached a definitive agreement with a consortium comprising ITOCHU
Techno-Solutions Corporation (“CTC”) and ITOCHU
Corporation for the sale of CSC's Enterprise Systems Integration
(ESI) unit, a reseller of enterprise hardware and software and a
provider of maintenance services with operations in Malaysia and
Singapore, for $90 million 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 sale of ESI marks our continued realignment of company assets with
our strategy of leading the next generation of technology solutions and
services including cybersecurity,

See full press release

Posted-In: News Guidance Contracts Asset Sales Management Global

 

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