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CSC Aquires BearingPoint's Operation in Brazil

Originally published August 6, 2009

CSC recently announced that it has completed its acquisition of BearingPoint's operation in Brazil. Financial terms of the transaction were not disclosed.

The acquisition supports CSC's multi-year strategic growth plan by expanding the company's presence in Brazil, the world's ninth-largest economy, and adding key horizontal capabilities and vertical industry expertise.

With approximately 550 employees and offices in Sao Paulo, Rio de Janeiro and Brasilia, the operation will enhance CSC's ability to support existing customers with a presence in Brazil, add a robust set of new clients, and position CSC to pursue and win new business in the region.

The acquisition will also expand CSC's industry vertical expertise and clientele in its Chemical, Energy and Natural Resources and Technology and Consumer sectors. Clients of the Brazilian business include some of the world's largest producers of oil and gas, and iron ore, as well as leading global brands in other sectors.

"Today marks a milestone in the implementation of our strategic growth plan and our expansion in high-potential geographies around the world," said CSC Chairman, President and Chief Executive Officer Michael W. Laphen. "This acquisition aligns perfectly with our capabilities and strategic focus, and it positions CSC as a major player in the local IT services arena. I look forward to our future success both in Brazil and throughout Latin America."

To read full press release, click here.

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.

SOURCE: CSC Aquires BearingPoint's Operation in Brazil

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