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CSC To Acquire Tech-Outsourcing Company Image Solutions

DOW JONES NEWSWIRES CSC (CSC) will acquire privately held information-technology outsourcing company Image Solutions Inc., a deal expected to expand CSC's reach in the life-sciences sector. Image Solutions founder and Chief Executive Jinsoo Kim said, "The combination of these companies will establish CSC as a strong player in health-care IT." CSC, which provides IT services from consumer-credit information to online-data security, has benefited lately from increased outsourcing. Buying Image Solutions will help it grow in the health-care business, since the U.S. government is pushing for increased digitization of records and payers are looking to cut health-care costs. CSC last month reported its fiscal second-quarter earnings fell 15% on weaker revenue and margins along with sharply higher taxes. However, it raised its full-year guidance. Shares closed Friday at $47.10 and were inactive premarket. The stock is down 18% this year. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Computer Sciences (CSC)
DateTimeHeadline
07/22/201616:47:29Additional Proxy Soliciting Materials (definitive) (defa14a)
07/19/201616:30:00CSC to Report First Quarter 2017 Results on Monday, August 8...
07/19/201610:00:00CSC Recognized With Two Disability Workplace Honors
07/19/201600:00:00CSC and IBM Expand Strategic Alliance with Collaboration Utilizing...
07/15/201616:49:10Additional Proxy Soliciting Materials (definitive) (defa14a)
07/15/201616:47:05Current Report Filing (8-k)
07/13/201618:51:32Statement of Changes in Beneficial Ownership (4)
07/13/201618:51:31Statement of Changes in Beneficial Ownership (4)
07/13/201618:51:04Statement of Changes in Beneficial Ownership (4)
07/08/201616:56:47Annual Report of Employee Stock Plans (11-k)
07/05/201608:00:00CSC Finalizes Aspediens Acquisition to Advance Position as Wor...
06/29/201618:02:15Statement of Changes in Beneficial Ownership (4)
06/29/201618:02:15Statement of Changes in Beneficial Ownership (4)
06/29/201618:01:47Statement of Changes in Beneficial Ownership (4)
06/28/201616:46:44Notification That Annual Employee Plan Report Will Be Submitted...
06/28/201609:10:00CSC Launches Identification of Medicinal Products (IDMP) As-a-Service
06/28/201609:10:00CSC Launches Identification of Medicinal Products (IDMP) As-a-Service
06/27/201616:10:00HP Enterprise Shuffles Senior Executives
06/27/201608:00:00CSC Launches Identification of Medicinal Products (IDMP) As-a-Service
06/24/201616:44:12Current Report Filing (8-k)

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