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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; [email protected]

Stock News for Computer Sciences (CSC)
DateTimeHeadline
01/23/201717:06:28Filing of Certain Prospectuses and Communications in Connection...
01/23/201714:21:59Amended Statement of Ownership (sc 13g/a)
01/20/201716:15:00CSC to Report Third Quarter 2017 Results on Thursday, February...
01/19/201708:00:00CSC Named Leader and Star Performer on Everest Group 2016 PEAK...
01/18/201708:00:00Mundipharma Research Becomes Latest Life Sciences Organization...
01/17/201716:44:50Statement of Changes in Beneficial Ownership (4)
01/17/201716:44:50Statement of Changes in Beneficial Ownership (4)
01/17/201716:44:49Statement of Changes in Beneficial Ownership (4)
01/09/201708:00:00CSC Named Leader on Everest Group 2016 PEAK Matrix™ for Provider I...
01/06/201716:25:04Current Report Filing (8-k)
01/05/201716:30:00CSC Advances Industrial Machine Learning to Help Businesses Make...
12/30/201616:13:44Statement of Changes in Beneficial Ownership (4)
12/30/201616:13:43Statement of Changes in Beneficial Ownership (4)
12/30/201616:13:43Statement of Changes in Beneficial Ownership (4)
12/23/201616:22:10Current Report Filing (8-k)
12/16/201616:48:13Statement of Changes in Beneficial Ownership (4)
12/16/201616:48:13Statement of Changes in Beneficial Ownership (4)
12/16/201616:48:13Statement of Changes in Beneficial Ownership (4)
12/15/201617:48:00CSC and Smartlink Mobile Systems Enter Strategic Collaboration...
12/15/201610:25:00CSC Named a Leader in IDC MarketScape: Asia/Pacific Managed Security...

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