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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;

Stock News for Computer Sciences (CSC)
05/28/201514:46:21Amended Statement of Changes in Beneficial Ownership (4/a)
05/28/201514:45:23Amended Statement of Changes in Beneficial Ownership (4/a)
05/27/201519:14:12Statement of Changes in Beneficial Ownership (4)
05/27/201519:07:02Statement of Changes in Beneficial Ownership (4)
05/26/201516:52:41Statement of Changes in Beneficial Ownership (4)
05/26/201516:52:41Statement of Changes in Beneficial Ownership (4)
05/20/201514:33:32Current Report Filing (8-k)
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05/20/201506:01:38Current Report Filing (8-k)
05/19/201517:50:04Computer Sciences to Split Into Two Companies
05/19/201516:27:56Current Report Filing (8-k)
05/19/201516:17:00CSC Board Declares Quarterly Cash Dividend
05/19/201516:16:00CSC Announces Plan to Separate into Two Independent, Publicly...
05/19/201516:15:00CSC Delivers Solid Margin Expansion, Profit Growth, and Cash...
05/18/201518:02:32Statement of Changes in Beneficial Ownership (4)
05/11/201516:30:00CSC to Report Fourth Quarter and Fiscal Year 2015 Results on...
05/06/201512:14:00CSC Named 2014 EMC Americas Alliances Partner of the Year
05/06/201510:55:32Computer Sciences Upgraded to Hold at Zacks (CSC)
04/27/201516:48:33Current Report Filing (8-k)
04/23/201515:08:08Statement of Changes in Beneficial Ownership (4)

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