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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
04/09/201513:36:38Statement of Changes in Beneficial Ownership (4)
04/09/201513:36:09Statement of Changes in Beneficial Ownership (4)
04/07/201510:05:09Statement of Changes in Beneficial Ownership (4)
03/27/201512:35:02Statement of Changes in Beneficial Ownership (4)
03/27/201512:35:02Statement of Changes in Beneficial Ownership (4)
03/19/201500:18:43CSC's ServiceMesh unit implicated in bribery case
03/18/201519:13:34Jana Partners Sells 20% Stake To Neuberger Business--2nd Update
03/18/201507:16:30Australia Police Charge Former Commonwealth Bank Executive With...
03/11/201517:46:55Statement of Changes in Beneficial Ownership (4)
03/11/201517:46:55Statement of Changes in Beneficial Ownership (4)
03/11/201516:15:00CSC Board Declares Quarterly Cash Dividend
03/10/201514:10:52Initial Statement of Beneficial Ownership (3)
03/09/201513:00:00Allscripts and Elsevier Join Forces to Elevate Health Care and...
02/24/201505:00:00Global IT Services Company CSC Signs Next-Generation Applications...
02/23/201516:41:34Statement of Beneficial Ownership (sc 13d)
02/23/201514:46:18Computer Sciences soars on M&A report
02/23/201514:15:00IBM and CSC Expand Partnership to Help Growing Ecosystem Develop...
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)

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