CSC Acquires U.S. Federal Services Provider Datatrac
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EL SEGUNDO, Calif., Dec. 7 - Computer Sciences Corporation (NYSE: CSC) today announced that it has agreed to acquire Datatrac Information Services, Inc., a privately held U.S. government services and solutions provider headquartered in Richardson, Texas. CSC expects the transaction to be accretive to earnings in the first year. Terms of the acquisition were not disclosed.
Datatrac employs more than 1,800 professionals in Richardson and Fort Worth, Texas; Wheeling, W.Va.; Chantilly, Va.; Laguna Nigel, Calif.; Lincoln, Neb.; St. Albans, Vt.; and Barbourville, Corbin and Williamsburg, Ky.
The acquisition extends CSC's ability to offer comprehensive solutions in identity management and credentialing, a market segment of strategic importance to CSC's Federal Sector operation. It also expands the company's capabilities in offering customer contact solutions to clients across the broad U.S. federal market.
"The acquisition of Datatrac strengthens CSC's position and ability to compete for work within the U.S. Department of Homeland Security and other government agencies," said James W. Sheaffer, president of CSC's Federal Sector business unit. "Datatrac is a good strategic fit for CSC, and will strengthen our ability to deliver sound operational results to our federal clients."
Datatrac will function as an operating segment of CSC's Enforcement, Security & Intelligence (ESI) division, which provides systems integration, managed services, full-spectrum security solutions, and mission-specific services and solutions to public sector clients dedicated to preserving and protecting national security. The addition of Datatrac to ESI's team will enhance its ability to facilitate mission success for organizations in the law enforcement, homeland security and intelligence communities. ESI is part of CSC's Federal Sector business unit.
About Datatrac Information Services
Datatrac is a women-owned company that provides citizen-centric solutions to Federal agencies in the areas of; records digitization & management, contact centers, smart card personalization, and distributed IT lifecycle support. Founded in Richardson, Texas in 1987, the company now has more than 1,800 employees across seven states and the District of Columbia. Houlihan Lokey Howard & Zukin is acting as exclusive financial advisor to Datatrac in the transaction.About CSC
Computer Sciences Corporation is a leading global information technology (IT) services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.
With approximately 78,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $14.6 billion for the 12 months ended Sept. 29, 2006. For more information, visit the company's Web site at www.csc.com.
Mike Dickerson
Director, Media Relations
Corporate
310.615.1647
Bill Lackey
Director, Investor Relations
Corporate
310.615.1700
