CSC to Sell Australian IT Staffing Unit for $73.5M

CSC CSC has reached a definitive agreement with Adcorp, South Africa's largest employment services company, for the sale of Paxus, its Australian IT staffing unit. This agreement, CSC's third divestiture in seven weeks, advances CSC's transformation strategy to rebalance its portfolio of services. The total value of this all-cash transaction is expected to be $73.5 million. Adcorp's decades-long history in the staffing industry will ease the transition for Paxus's clients and employees. After the closing, CSC will continue a business relationship with Paxus to meet its IT staffing needs in Australia. "This portfolio-shaping transaction is the latest step in CSC's See full press release