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CSC Enters Agreement to Acquire BearingPoint's Brazilian Operation

Originally published July 10, 2009

CSC recently announced that it has entered into an agreement to acquire BearingPoint's Brazilian operation, which specializes in consulting and systems integration services. 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. The transaction is expected to be complete by July 31, 2009, and is subject to the satisfaction of customary closing conditions and the approval of the court overseeing BearingPoint's corporate reorganization.
 
With 550 employees, a strong leadership team 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, adding a robust set of new clients, and positions CSC to pursue and win new business in the region. Approximately two-thirds of the staff are qualified to implement and support SAP solutions. Additional horizontal capabilities include project management, strategy consulting and applications management. Language capabilities include English and Spanish, in addition to Portuguese.
 
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 some of the world's most respected brands in other sectors.
 
"When completed, this acquisition will mark a milestone in our strategic growth plan and the expansion of our service delivery capabilities in high-growth geographies," said CSC Chairman, President and Chief Executive Officer Michael W. Laphen. "With this step, we will establish a meaningful foothold in one of the world's largest emerging markets, add capabilities that extend and complement our own and position CSC for increased success both internationally and domestically."

To read full press release, click here.

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