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CSC and TDC Sign New $413 Million IT Applications Outsourcing Agreement
Thursday, May 08, 2008
Seven-year Agreement Extends CSC's Relationship with Denmark's Leading Telecommunications Provider
FALLS CHURCH, Va., May 8 /PRNewswire-FirstCall/ -- Computer Sciences
Corporation (NYSE: CSC) announced today that it has signed a new, seven-year
information technology (IT) applications outsourcing agreement with TDC, the
largest telecommunications company in Denmark. The contract is valued at
approximately $413 million.
CSC has supported TDC since 2003. The new agreement follows last year's
$330 million, seven-year award, which expanded the scope of infrastructure
services CSC was providing. Under the new contract, which substantially
expands CSC's application services support, CSC will manage TDC's legacy
application portfolio, providing application development and maintenance
services for more than 500 applications and supporting approximately 17,000
users.
As part of the new agreement, approximately 220 TDC employees will
transition to CSC in June.
"We already have an excellent relationship with CSC in several areas and
are pleased to expand it further to include the management of our legacy
application portfolio," said Jorgen Jakobsen, TDC chief information officer.
"The new agreement will enable us to further modernize and consolidate our
applications so they deliver the capabilities our business requires."
"We are delighted to grow our relationship with TDC," said Guy Hains,
president of CSC's European Group. "During the past five years our support has
continued to evolve and provide enhanced value. Signing this new agreement is
testament to that fact. We look forward to collaborating on this critical
program and continuing to serve TDC in ways that provide the agility,
innovation and performance the company needs to support its business agenda."
About TDC
TDC is the leading provider of communications solutions in Denmark with a
strong Nordic focus. TDC is organized as four main business lines in the
Nordic region: Business Nordic, Fixnet Nordic, Mobile Nordic and YouSee. TDC's
activities outside the Nordic region comprise Sunrise, the leading Swiss
telco, and HTCC, the leading Hungarian telco. TDC became partially privatized
in 1994, and fully privatized in 1998. Nordic Telephone Company ApS owns 87.9%
of the shares with the remainder held by individual and institutional
shareowners.
About CSC
Computer Sciences Corporation is a leading IT services company. CSC's
mission is to be a global leader in providing technology-enabled business
solutions and services.
With approximately 91,000 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. CSC reported revenue of
$16.1 billion for the 12 months ended Dec. 28, 2007. For more information,
visit the company's Web site at http://www.csc.com.
SOURCE Computer Sciences Corporation
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