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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)
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02/23/201516:41:34Statement of Beneficial Ownership (sc 13d)
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02/17/201517:15:17Statement of Changes in Beneficial Ownership (4)
02/17/201517:15:16Statement of Changes in Beneficial Ownership (4)
02/17/201517:15:16Statement of Changes in Beneficial Ownership (4)
02/13/201516:23:00Amended Statement of Ownership (sc 13g/a)
02/11/201511:22:53Amended Statement of Ownership (sc 13g/a)
02/11/201506:00:58Quarterly Report (10-q)

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