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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
07/30/201518:19:41Amended Statement of Changes in Beneficial Ownership (4/a)
07/29/201519:04:00Statement of Changes in Beneficial Ownership (4)
07/29/201516:51:31Pentagon to Award Health-Record Contract
07/28/201517:24:43Current Report Filing (8-k)
07/28/201515:00:00CSC Named a Leader in IDC MarketScape: Asia/Pacific Managed Security...
07/27/201516:15:00CSC to Report First Quarter 2016 Results on Tuesday, August 11...
07/23/201516:30:00CSC and HCL Form Joint Venture to Deliver Digital Software and...
07/20/201516:33:52Statement of Changes in Beneficial Ownership (4)
07/20/201516:33:52Statement of Changes in Beneficial Ownership (4)
07/17/201514:21:21Statement of Changes in Beneficial Ownership (4)
07/13/201516:10:00CSC Announces Filing of Form 10 for Planned Spin-off of U.S...
06/29/201516:48:15Annual Report of Employee Stock Plans (11-k)
06/26/201516:08:18Additional Proxy Soliciting Materials (definitive) (defa14a)
06/26/201516:07:24Proxy Statement (definitive) (def 14a)
06/22/201516:32:10Initial Statement of Beneficial Ownership (3)
06/17/201508:00:00Raytheon and CSC in teaming agreement for Army Training Program
06/16/201519:56:48Statement of Changes in Beneficial Ownership (4)
06/16/201519:56:48Statement of Changes in Beneficial Ownership (4)
06/16/201519:56:47Statement of Changes in Beneficial Ownership (4)
06/16/201519:56:19Statement of Changes in Beneficial Ownership (4)

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