Computer Sciences Corporation


Computer Sciences Corporation
Computer Sciences Corporation
Type Public
Traded as NYSECSC
Industry IT services, IT consulting
Founded April 1959
Founder(s) Fletcher R. Jones
Bob Patrick
Headquarters Falls Church, Virginia,
United States
Area served Worldwide
Key people Michael W. Laphen, CEO[1]
Services IT, business consulting and outsourcing services
Revenue increase US$ 16.128 billion (2011)[2]
Operating income increase US$ 1.038 billion (2011)[2]
Net income increase US$ 834 million (2011)[2]
Total assets increase US$ 16.455 billion (2011)[2]
Total equity increase US$ 6.446 billion (2011)[2]
Employees 97,000 in 90 countries[3]
Subsidiaries CSC India, Computer Sciences Raytheon
Website www.csc.com
CSC's branch office in El Segundo, California, USA

Computer Sciences Corporation (CSC) (NYSECSC) is an American information technology (IT) and business services company headquartered in Falls Church, Virginia, USA. CSC predominantly provides IT services in the following areas: systems integration and professional services; enterprise application development and management; application software for the financial services industry; business process outsourcing; managed hosting services; and application and IT infrastructure outsourcing. CSC's consulting and professional services include advising clients on the acquisition and utilization of IT and on business strategy, security, modeling, simulation, engineering, operations, change management and business process reengineering. CSC serves Fortune Global 1000 companies in fifteen industries and national and local governments. CSC employs about 93,000 people in 90 countries and ranks among the largest outsourcing companies in the world.[3]

On September 28, 2009, when Xerox acquired Affiliated Computer Services, Computer Sciences Corporation became the only remaining, independent major outsourcing vendor with headquarters and major operations in the US.[4]

Contents

History

CSC was founded in April 1959 by Roy Nutt, Fletcher Jones and Bob Patrick.[5] Their goal was to provide programming tools such as assemblers and compilers. Jones, who ran the business and its 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,[6] 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 January 30, 2008 the company announced that it would move its corporate headquarters from El Segundo to Falls Church, Virginia.[7]

CSC has been a Fortune 500 Company since 1995 [8]

In May of 2011 CSC obtained a contract to deliver logistics and other services to the US Postal Service under a seven-year deal with an estimated total value of $41.74 million. [9]

Timeline

  • April 16, 1959: Roy Nutt and Fletcher Jones found Computer Sciences Corporation (CSC).
  • 1959: Honeywell hires CSC (the first client) to develop a business-language compiler, called FACT.
  • May 1961: CSC signs its first government contract, with NASA’s Jet Propulsion Laboratory.
  • April 1962: Annual revenues reach $1 million.
  • June 1962: CSC opens its first service bureau, with the purchase of a $3.5 million computer—ranked as one of the largest and fastest at the time—offering ‘computing time’ over phone lines.
  • 1963: As the first publicly traded software company, CSC is active on the Pacific and American stock exchanges.
  • May 1963: CSC opens an office in El Segundo, California. The CSC headquarters would remain in El Segundo for 45 years.
  • 1963: CSC designs and implements software suite for Univac 1107—one of the largest computers at that time.
  • July 1964: CSC launches Computax offering, a computerized tax return service.
  • September 1964: Expansion continues and CSC opens a new office in Washington, D.C.
  • January 1965: Two divisions of ITT are acquired, making CSC the largest IT services company in the United States.
  • 1965: CSC unseats General Electric Co. to win a contract with the U.S. Atomic Commission.
  • 1966: Computer Sciences Canada, CSC’s first subsidiary, is formed to extend batch computing services into Canada.
  • May 1966: Based in Brussels, Computer Sciences International is formed to manage international growth. This is now known as CSC Europe.
  • June 1966: Wins a five-year contract for NASA Marshall Space Flight Center.
  • September 1966: CSC develops a payroll system for banks, selling payroll services to their business customers.
  • December 1966: Announces Computicket, the first computer-based system for sports and entertainment ticket sales and management.
  • 1968: CSC becomes the first independent IT firm listed on the New York Stock Exchange.
  • March 1968: Computer Sciences Institute is created, providing business professionals with education and learning about how computers and technology can modernize business operations.
  • May 1968: CSC acquires advanced communications technology capabilities from Western Union Telegraph Co.
  • 1969: Infonet is created to operate CSC’s timesharing business.
  • 1969: Teamed with RCA, CSC wins a contract to develop the U.S. Navy’s Aegis weapons system, the most advanced combat system in the world.
  • March 1969: CSC Systems Group—the precursor to today’s North American Public Sector organization—is formed by consolidating units.
  • April 1969: With 4,000 employees and $65 million in revenue, CSC celebrates its 10-year anniversary.
  • August 1, 1969: CSC begins a long-term partnership with AT&T, starting with the Trunks Integrated Recordkeeping System (TIRKS), a circuit provisioning system that kept track of telephone equipment and facilities. Beginning in 1985, CSC began managing and implementing all software changes to this vast application system, which ran on IBM 3090 mainframes and comprised 100 databases, 24,000 modules and 6 million lines of code.
  • November 3, 1969: Bill Hoover is elected CSC president.
  • April 1970: Annual revenues exceed $100 million.
  • July 1970: CSC acquires Commonwealth Services Inc., a provider of computer technology solutions for the transportation, distribution and utilities markets.
  • October 1970: CSC formally enters Australia and South Africa markets.
  • 1971: CSC creates the first computerized air cargo system at London’s Heathrow Airport.
  • May 1971: Computer Sciences International expands its presence, opening new offices in France, Italy, the Netherlands, the United Kingdom and West Germany.
  • July 1971: CSC builds the first airport ground traffic system’s model and simulation for New York City’s JFK airport, to be used nationwide and globally.
  • September 1971: CSC builds the first automated traffic control system for the Panama Canal.
  • 1972: CSC is awarded its first contract with the U.S. Federal Aviation Administration.
  • March 1972: CSC Infonet is awarded a five-year, $43 million contract from the General Services Administration, to provide timeshare services to every U.S. government agency.
  • November 7, 1972: Fletcher Jones, 42, the company’s co-founder, dies in an airplane crash near Santa Barbara, California.
  • November 10, 1972: Bill Hoover is elected CEO and Chairman.
  • August 1973: CSC wins a significant contract with NASA’s Goddard Space Flight Center.
  • September 1973: CSC wins a landmark facilities management contract for Orange County, California, the first local government FM contract ever awarded, laying the foundation for other local governments.
  • October 1973: CSC enters financial services sector facilities management business, landing clients within the mortgage, banking and insurance industries.
  • May 1975: CSC wins contract to manage and operate the County of Pierce, Washington’s computer center.
  • November 1975: CSC enters into an agreement to provide automated air traffic control system for West Germany.
  • March 15, 1977: CSC begins providing computer services to the U.S. Environmental Protection Agency (EPA), supporting its mission to protect human health and preserve the quality of the environment.
  • June 1977: CSC wins contracts to support Washington, DC, and Atlanta, Georgia, Metro transportation systems.
  • 1978: PAID Prescriptions acquisition is the first of many targeted at new commercial markets and expands claims processing capabilities within the health sector.
  • October 1, 1978: CSC wins landmark California Medi-Cal (Medicaid) business, further strengthening the company’s claims processing reputation.
  • March 15, 1979: CSC wins its largest contract to date—a $221 million, six-year project to supply a nationwide computer information system to the Kingdom of Saudi Arabia.
  • May 1979: CSC strengthens offerings for transportation, distribution and logistics markets through CMS Industries acquisition.
  • September 1980: CSC acquires business services division of Itel Corporation, providing accounting and HR services to small businesses.
  • March 12, 1981: CSC develops software for the successful launch of the Hubble Space Telescope. CSC continues to support Hubble’s day-to-day operations for the next three decades.
  • September 1982: CSC is awarded contracts to support the emerging U.S. Space Shuttle program at Lyndon B. Johnson Space Center (JSC) in Houston and John F. Kennedy Space Center (KSC) in Florida.
  • 1982: CSC enters credit reporting market with Associated Credit Services acquisition.
  • March 1, 1983: CSC becomes the claims processing agent for the U.S. federal government’s National Flood Insurance Program.
  • 1985: Broadening its role in the manufacturing systems market, CSC acquires Compufact.
  • May 1985: CSC begins processing health claims of coal miners for the U.S. Department of Labor’s Black Lung Program, furthering its claims processing experience.
  • January 15, 1986: CSC wins Medicaid Management Information System (MMIS) contract for State of New York.
  • August 1986: Computer Partners acquisition expands CSC’s presence in IT consulting and professional services market.
  • March 1987: First $1 billion contract signed, with NASA’s Goddard Space Flight Center.
  • 1988: Associated Credit Services subsidiary changes its name to CSC Credit Services.
  • 1988: CSC introduces a new corporate identity program and redesigns the company logo.
  • April 1988: Annual revenues hit $1 billion.
  • September 1988: Purchase of the Index Group expands CSC’s management consulting business, as well as its executive education and corporate-sponsored business research programs.
  • January 13, 1989: CSC creates the Leading Edge Forum to drive global leadership in Innovation, CSC's Centers of Excellence, and recognition of great achievements through the Chairman's Award for Excellence.
  • June 1989: CSC strengthens its market position and doubles its revenue in Europe, with the purchase of CIG-Intersys Group, Belgium’s leading IT company.
  • June 14, 1990: CSC co-founder Roy Nutt dies at age 59.
  • December 1990: CSC employee/astronaut Ron Parise flies on Space Shuttle Columbia Astro-1 mission.
  • January 1991: CSC acquires Analytics Inc, adding services in logistics, communications and information security, mainly to the intelligence community, where CSC has numerous clients.
  • November 1991: A $3 billion agreement with General Dynamics establishes CSC as a technology outsourcing leader.
  • 1992: Following the Iraq invasion, CSC rebuilds war-ravaged Kuwait’s technology lifeline.
  • 1993: CSC executive James Champy co-authors the groundbreaking bestseller, Reengineering the Corporation, with Michael Hammer.
  • June 14, 1993: Van B. Honeycutt is elected CSC President & COO.
  • April 1, 1994: CSC signs a 10-year, $1.5 billion IT outsourcing contract in the UK with BAE Systems, one of the largest commercial IT outsourcing contracts ever awarded to a single supplier in Europe.
  • May 1994: CSC signs a $1.1 billion contract to provide comprehensive information systems support at NASA's Marshall Space Flight Center. The contract is known as Program Information Systems Mission Services (PrISMS).
  • December 1994: European operations expand with acquisition of Ploenzke, AG, Germany’s largest computer services company.
  • March 1995: CSC astronaut Ron Parise flies aboard Space Shuttle Endeavor Astro-2 mission.
  • April 1, 1995: Upon Bill Hoover’s retirement, Van B. Honeycutt is elected CEO.
  • 1996: CSC is selected to head The Pinnacle Alliance, a consortium of vendors created with J.P. Morgan to implement and operate a multibillion-dollar outsourcing agreement.
  • April 29, 1996: The Continuum Company acquisition increases CSC’s global financial services software and business process outsourcing portfolio.
  • December 11, 1996: CSC signs a $4 billion long-term outsourcing agreement with DuPont, one of the largest and most innovative technology agreements in history.
  • March 28, 1997: Van B. Honeycutt is elected CSC’s Chairman of the Board of Directors.
  • September 1, 1998: CSC successfully fights off a hostile takeover bid by Computer Associates International.
  • December 1998: The IRS selects CSC to modernize the U.S. tax system.
  • February 4, 1999: CSA Holdings Ltd. acquisition expands CSC’s presence in Asia.
  • March 1999: UTC outsourced its IT operations to CSC in a 10-year outsourcing agreement valued at over $2 billion.
  • September 20, 1999: Nichols Research Corp. merges with CSC.
  • December 1999: CSC wins a 10-year Army Logistics Modernization contract, which leads to the world’s largest ERP installation.
  • December 21, 2000: Mynd Corporation acquisition strengthens CSC’s portfolio of insurance industry solutions.
  • 2000: CSC wins award to support claims processing system for the state of New York’s Medicaid program (eMedNY), the largest in the nation.
  • 2001: CSC signs a cycling team sponsorship agreement with Riis Cycling, managed by 1996 Tour de France winner Bjarne Riis.
  • April 1, 2001: Annual revenues exceed $10 billion.
  • February 2003: LOGMOD, the CSC-led revamp of the world’s largest supply chain for the U.S. Army Materiel Command, goes live as the first U.S. government outsourcing of the entire modernization and operation of a major IT system.
  • March 7, 2003: CSC acquires DynCorp, adding 26,000 employees and extending government services capabilities.
  • May 6, 2003: The CSC-lead Prism Alliance is awarded a landmark outsourcing contract (valued at $2.4 billion) with the UK's Royal Mail Group.
  • December 22, 2003: Swiss Re awards CSC one of the largest insurance BPO contracts.
  • July 26, 2004: CSC wins the largest applications outsourcing contract in the insurance industry, from Zurich Financial Services.
  • August 2004: The IRS receives the first release of a modernized system supported by CSC.
  • May 11, 2005: CSC wins a contract to provide shared services to NASA's John C. Stennis Space Center.
  • December 7, 2006: Datatrac acquisition increases CSC’s federal government capabilities.
  • April 25, 2007: CSC’s Covansys acquisition adds 8,400 employees in India.
  • May 2007: CSC Project Accelerate initiative is launched to deliver improved growth.
  • October 31, 2007: First Consulting Group purchase bolsters presence in India and Vietnam.
  • January 30, 2008: CSC announces that corporate headquarters will move from El Segundo, Calif., to Falls Church, Va.
  • May 21, 2008: Annual revenues surpass $15 billion.
  • August 1, 2008: Corporate headquarters officially move to Falls Church, Va.
  • May 29, 2008: New CSC logo unveiled as part of global branding campaign.
  • July 27, 2008: Team CSC’s Carlos Sastre wins Tour de France, capping a successful seven-year pro cycling sponsorship.
  • October 28, 2008: IT services center opens in China.
  • November 3, 2008: CSC wins contract extension to support eMedNY, which annually processes more than 350 million Medicaid claims and generates payments in excess of $40 billion. CSC also manages the Web site, data center operations and telecommunications network.
  • January 15, 2009: CSC announces new contract to process Medicaid claims for the state of North Carolina.
  • February 3, 2009: CSC announces cloud computing initiative.
  • April 16, 2009: CSC celebrates 50-year anniversary.
  • November, 2009: CSC wins $2.9 bn 10.5-year infrastructure souring contract with Zurich Financial Services
  • July 31, 2011: CSC Finalizes iSOFT Acquisition.[10]
  • September 14, 2011: CSC officially announced AppLabs acquisition with Ananth Kumar at Bangalore.

Exact dates are provided where possible, based on CSC Annual Reports, press releases and other published materials. When exact dates could not be verified, they were estimated.

Acquisitions

  • CSC Acquires Brazilian IT Services Firm VIXIA Consultoria e Tecnologia Ltda on June 06, 2011. [11]
  • CSC Acquires iSOFT on April 01, 2011. Adding iSOFT’s 3,300 employees across India, Spain, UK, Australia, New Zealand and Central Europe
  • Centauri Solutions on December 20, 2010[12]
  • Image Solutions Inc (December 7, 2010)[13][14]
  • Vulnerability Research Labs on October 4, 2010[15]
  • Bass & Company (August 9, 2010)[16]
  • BearingPoint in Brazil (2009)
  • Log.Sec Corporation (2008)[17]
  • OBS BG (2008), renamed to CSC BG[18]
  • First Consulting Group (2008)[19]
  • Covansys Corporation Limited (2007)
  • Datatrac Information Services Inc. (2006)
  • DynCorp (2003) (some units later sold in 2005)
  • PMSC/Mynd (2001)
  • Nichols Research Corporation (1999)
  • Ploenzke AG (1995–1999)
  • Continuum (1996)
  • Index Group (1988)
  • iSOFT(2011)
  • AppLabs(2011)

See also

References

  1. ^ Board of Directors
  2. ^ a b c d e "Financial Tables". Computer Sciences Corporation Investor Relations. http://www.google.com/finance?q=NYSE:CSC&fstype=ii. Retrieved 2010-08-12. 
  3. ^ a b CSC: Consulting, Systems Integration and Outsourcing
  4. ^ "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. http://www.informationweek.com/news/services/outsourcing/showArticle.jhtml?articleID=220300042. Retrieved June 1, 2010. 
  5. ^ "Our History". CSC web site. http://www.csc.com/about_us/ds/40546-our_history. Retrieved June 1, 2010. 
  6. ^ Elmer C. Kubie (Summer 1994). "Recollections of the first software company". IEEE Annals of the History of Computing (IEEE Computer Society) 16 (2): 65–71. doi:10.1109/85.279238. 
  7. ^ "CSC To Move Corporate Headquarters to Falls Church, Virginia". CSC press release. January 30, 2008. http://www.csc.com/newsandevents/news/12289.shtml. Retrieved June 1, 2010. 
  8. ^ "FORTUNE 500: Companies by year C". CNN. http://money.cnn.com/magazines/fortune/fortune500_archive/letters/C.html. Retrieved March 28, 2011. 
  9. ^ "CSC logistics helps USPS process transportation equipment -- Washington Technology". washingtontechnology.com. 2011 [last update]. http://washingtontechnology.com/articles/2011/05/27/csc-usps-logistics.aspx. Retrieved 28 June 2011. "deliver logistics and other support services to the U.S. Postal Service under a seven-year award with an estimated total value of $41.74 million." 
  10. ^ http://www.csc.com/newsroom/press_releases/68289-csc_finalizes_isoft_acquisition
  11. ^ http://www.csc.com/newsroom/press_releases/65761-csc_acquires_brazilian_it_services_firm_vixia
  12. ^ http://www.csc.com/newsroom/press_releases/57746-csc_acquires_centauri_solutions
  13. ^ http://www.virginiabusiness.com/index.php/news/article/csc-to-acquire-image-solutions/309085/
  14. ^ http://www.businesswire.com/news/home/20110112005223/en/CSC-Finalizes-Image-Solutions-Acquisition
  15. ^ http://www.csc.com/newsroom/press_releases/54613-csc_acquires_vulnerability_research_labs
  16. ^ "CSC Acquires Bass & Company". DailyMarkets web site. August 9, 2010. http://www.dailymarkets.com/stock/2010/08/09/csc-acquires-bass-company/. Retrieved August 11, 2010. 
  17. ^ CSC: CSC ACQUIRES LOG.SEC CORPORATION December 18, 2008
  18. ^ CSC: CSC STRENGTHENS GLOBAL DELIVERY CAPABILITIES WITH BULGARIAN ACQUISITION December 11, 2008
  19. ^ CSC: CSC COMPLETES ACQUISITION OF FIRST CONSULTING GROUP January 14, 2008

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