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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
02/24/201717:18:18Statement of Changes in Beneficial Ownership (4)
02/24/201717:18:18Statement of Changes in Beneficial Ownership (4)
02/23/201717:25:30Current Report Filing (8-k)
02/21/201706:00:00CSC Closes the Gap Between Security and IT Operations with ISecOps
02/16/201707:00:00CSC Receives RobecoSAM Corporate Responsibility and Sustainability...
02/15/201720:45:00DXC Technology sera le nom de la nouvelle société après la fi...
02/15/201720:45:00DXC Technology als Name für das aus der Fusion von CSC und HPE...
02/15/201717:23:12Filing of Certain Prospectuses and Communications in Connection...
02/15/201711:00:00DXC Technology Revealed as Name for Combined CSC and HPE Enterprise...
02/14/201717:59:28Amended Statement of Ownership (sc 13g/a)
02/14/201704:00:00CSC Named a Leader in Gartner’s 2016 Magic Quadrant For Life I...
02/13/201717:21:36Current Report Filing (8-k)
02/13/201716:59:56Filing of Certain Prospectuses and Communications in Connection...
02/10/201710:21:12Amended Statement of Ownership (sc 13g/a)
02/08/201714:09:52Statement of Ownership (sc 13g)
02/07/201707:00:00CSC Announces Distinguished Architects and Engineers
02/03/201717:11:16Current Report Filing (8-k)
02/03/201716:52:12Filing of Certain Prospectuses and Communications in Connection...
02/03/201708:00:00Board of Directors Named for New Company to be Formed by the...
02/03/201706:02:06Quarterly Report (10-q)

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