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Computer Sciences Corporation
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{{About|the American corporation||CSC (disambiguation){{!}}CSC}}{{Use American English|date=August 2015}} {{Use mdy dates|date=August 2015}}







factoids
HTTP://WWW.CSC.COM/INVESTOR_RELATIONS/DS/32534-COMPANY_INFORMATION>TITLE=MANAGEMENT AND BOARD OF DIRECTORSACCESSDATE=2 JULY 2015, IT service management>IT services, IT consulting | genre = | products = | services = IT, business consulting and outsourcing services | subsid = Computer Sciences Raytheon, Xchanging| homepage = | location = | location_city = Tysons Corner, VirginiaUnited States}} El Segundo, California, USA ]]Computer Sciences Corporation (CSC) was an American multinational corporation that provided information technology (IT) services and professional services. On April 3, 2017, it merged with the Enterprise Services line of business of HP Enterprise (formerly Electronic Data Systems) to create DXC Technology.WEB,weblink CSC Announces Merger with Enterprise Services Segment of Hewlett Packard Enterprise to create a Global IT Services Leader, Press release, May 24, 2016, November 4, 2016,weblink

History

CSC was founded in April 1959 in Los Angeles, California, by Roy Nutt and Fletcher Jones.WEB, Our History, CSC web site,weblink June 1, 2010, CSC initially provided programming tools such as assembler and compiler software.WEB,weblink CSC, History, fundinguniverse.com, In the 1960s, CSC provided software programming services to major computer manufacturers like IBM and Honeywell and secured their first contracts for the U.S. public sector with NASA (among others).By 1963, CSC became the largest software company in the United States and the first software company to be listed on the American Stock Exchange.WEB,weblink History in the Computing Curriculum, November 21, 2014, 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.In the 1970s and 1980s, CSC expanded globally winning large contracts for the finance and defense industries and through acquisitions in Europe and Australia.In 2000 CSC founded a joint-venture called Innovative Banking Solutions AG in Wiesbaden, Germany to market their newly developed SAP solution for mortgage companies.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, California, to Annandale, Virginia.WEB,weblink Computer Sciences Corporation, Form 10-Q, Quarterly Report, Filing Date Feb 6, 2008, secdatabase.com, Mar 29, 2013, WEB,weblink Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Mar 31, 2008, secdatabase.com, Mar 29, 2013, CSC has been a Fortune 500 Company since 1995,NEWS, FORTUNE 500: Companies by year C,weblink March 28, 2011, CNN, coming in at 162 in the 2012 rankings.WEB,weblink Fortune 500 - Fortune, Fortune, 2 July 2015, In May 2015, CSC announced plans to split the public sector business from its commercial and international business.NEWS, Exclusive: Computer Sciences prepares to break itself up - sources,weblink Reuters, 14 May 2015, 21 May 2015, In August, it was announced that CSC's Government Service business would merge with SRA International to form a new company -- CSRA—at the end of November 2015.NEWS, CSC to Combine Government Services Unit with SRA Upon Separation from CSC; Combination will Create Leading Pure-Play Government I.T. Business in the U.S.,weblink October 2, 2015, CSC, In July 2015, CSC and HCL Technologies announced the signing of a joint venture agreement to form a banking software and services company, Celeriti FinTech.WEB,weblink CSC and HCL Form Joint Venture to Deliver Digital Software and Services to Global Banking Clients, BusinessWire, 23 July 2015, WEB,weblink CeleritiFinTech, HCLTECH, In September 2015, CSC closed the acquisition of Fixnetix, a provider of front-office managed trading solutions in capital markets.WEB,weblink Computer Sciences (CSC) Completes Fixnetix Acquisition, NASDAQ.com, 2016-02-25, CSC also acquired Fruition Partners, a provider of technology-enabled solutions for the service-management sector during the month.WEB,weblink CSC Finalizes Fruition Partners Acquisition, Computer Sciences Corporation, en-US, 2016-02-25, In November 2015, CSC agreed to acquire the shares of UXC, an IT services company based in Australia in a deal valued at {{AUD|427.6 million|link=yes}} ({{US$|309 million|link=yes}}).WEB,weblink CSC Confirms Agreement to Acquire Australia's UXC Limited, Computer Sciences Corporation, en-US, 2016-02-25,weblink" title="web.archive.org/web/20160228000749weblink">weblink February 28, 2016, yes, mdy-all, In December 2015, business technology and services provider, Xchanging, agreed to be purchased by CSC.WEB, Computer Sciences Corporation to buy Xchanging in £480m deal,weblink www.cityam.com, 2015-12-09, In February 2016, CSC announced it was moving its headquarters to Tysons, Fairfax County's central business district, just a few miles from Annandale.WEB,weblink CSC moving headquarters to Tysons Corner, WTOP, en-US, 2016-02-25, On April 3, 2017, it merged with HP Enterprise Services to create DXC Technology.

Business

CSC ranked among the leading IT service providers in the world.Software Company | url=http://www.niveosys.com | Magic Quadrant for End-User Outsourcing Services, North America, 26 August 2014 | publisher=Gartner, Inc.WEB,weblink The Top Companies in the IT Services Industry (2009), November 25, 2014,weblink" title="web.archive.org/web/20110324004816weblink">weblink March 24, 2011, yes, mdy-all, WEB,weblink Top 10 IT Service Providing Companies, siliconindia.com, November 25, 2014, Geographically, CSC had major operations throughout North America, Europe, Asia, and Australia.The company operated in three broad service lines or sectors until the 2015 divestment of NPS, its public sector:
  • North American Public Sector (NPS): Since 1961, CSC had been one of the major IT service providers for the U.S. federal government. CSC provided services to the United States Department of Defense,WEB,weblink Supplier profile: CSC, Computer Weekly, law enforcement and intelligence agencies (FBI,WEB,weblink CSC Wins $59 Million Task Order From FBI to Provide Call Center, Bloomberg, CIA, Homeland Security), aeronautics and aerospace agencies (NASA). In 2012, U.S. federal contracts accounted for 36% of CSC total revenue.WEB,weblink Computer weekly Supplier Profile : CSC, CSC’s outsourcing journey has brought it full circle, 3,
  • Managed Services
  • Business Solutions and Services
The company made several acquisitions, including DynCorp in 2003WEB,weblink Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Dec 13, 2002, secdatabase.com, Mar 29, 2013, WEB,weblink Computer Sciences Corporation Completes Acquisition of DynCorp, August 19, 2012,weblink" title="web.archive.org/web/20121213182413weblink">weblink December 13, 2012, yes, mdy-all, and Covansys Corporation in 2007.WEB,weblink CSC completes acquisition of Covansys, August 19, 2012,weblink" title="web.archive.org/web/20121116193621weblink">weblink November 16, 2012, yes, mdy-all,

Awards and recognition

  • In September 2012, CSC was ranked 8th in Software Magazine’s Software 500 ranking of the world’s largest software and service providers.WEB,weblink CSC Named to Software Magazine’s 30th Annual Software 500, Computer Sciences Corporation, 2 July 2015,

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 multibillion-pound contract to deliver the National Programme for IT Lorenzo contract.{{citation |first=Tom |last=Brewster |url=http://www.techweekeurope.co.uk/news/nhs-2-2bn-csc-npfit-failed-contract-118941 |title=NHS To Spend £2.2bn On ‘Rotten’ CSC NPfIT Work |publisher=techweekeurope}}
  • In December 2011, the non-partisan organization Public Campaign criticized CSC for spending {{US$|4.39 million}} on lobbying and not paying any taxes during 2008–10, instead getting {{US$|305 million}} in tax rebates, despite making a profit of {{US$|1.67 billion}}.WEB, Portero, Ashley, 30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008-2010,weblink International Business Times, 26 December 2011,weblink" title="web.archive.org/web/20120107173713weblink">weblink January 7, 2012, yes, mdy,
  • In February 2011, the U.S. Securities and Exchange Commission (SEC) launched a fraud investigation into CSC's accounting practices in Denmark and Australian business. CSC's CFO Mike Mancuso confirmed that accounting errors and intentional misconduct by certain personnel in Australia prompted SEC regulators to turn their gaze to Australia. Mancuso also stated that the alleged misconduct includes {{US$|19 million}} in both intentional accounting irregularities and unintentional accounting errors.WEB,weblinkweblink" title="web.archive.org/web/20111115204817weblink">weblink yes, 15 November 2011, CSC Accounting Fraud Extends to Australia - BizCloud® Network, Nebojsa Despotovic, 13 November 2011, BizCloud® Network, 2 July 2015,
  • 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.WEB,weblink Computer Sciences Corporation torture link challenges Norway's ethical reputation, August 19, 2012,weblink" title="web.archive.org/web/20120601081413weblink">weblink June 1, 2012, yes, mdy-all, WEB,weblink Lloyds owns stake in US firm accused over CIA torture flights, Rupert Neate, the Guardian, 2 July 2015,
  • The company has engaged in a number of activities that have resulted in legal action against it. These are:
    • Its so called WorldBridge Service (Visa Services), which processed and issued millions of visa applications to enter Britain, did not involve British authorities.WEB,weblink Revealed: US firm issues British visas... and MPs were not told, Mail Online, 2 July 2015,
    • CSC was one of the contractors hired by the Internal Revenue Service to modernize its tax-filing system. They told the IRS it would meet a January 2006 deadline, but failed to do so, leaving the IRS with no system capable of detecting fraud. Its failure to meet the delivery deadline for developing an automated refund fraud detection system cost the IRS between {{US$|200 million}} and {{US$|300 million}}.WEB,weblink Obamacare Contractors Plagued by Previous Failures, Fines, Fraud, Newsmax, 2 July 2015,

See also

References

{{Reflist|30em}}

External links

{{Computer Sciences Corporation}}{{Consulting}}{{authority control}}

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