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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)
02/11/201613:13:05Amended Statement of Ownership (sc 13g/a)
02/10/201617:23:00Current Report Filing (8-k)
02/10/201617:10:52Notification That Quarterly Report Will Be Submitted Late (nt...
02/09/201617:05:28Current Report Filing (8-k)
02/09/201616:57:00Newly-Separated CSC Delivers Earnings Growth and Margin Expansion...
02/04/201616:30:00CACI Taking a Break From Deals
02/02/201615:00:00CSC Position Paper Guides Insurers on the Challenges and Benefits...
02/02/201608:30:00CSC to Report Third Quarter 2016 Results on Tuesday, February...
01/28/201616:06:00Statement of Changes in Beneficial Ownership (4)
01/28/201616:06:00Statement of Changes in Beneficial Ownership (4)
01/28/201616:06:00Statement of Changes in Beneficial Ownership (4)
01/27/201609:01:00CSC Receives XCelent Award for EMEA Policy Administration System
01/27/201609:00:00Gartner Positions CSC in the ‘Leaders’ Quadrant of the 2015 Mag...
01/26/201608:22:44Amended Statement of Ownership (sc 13g/a)
01/25/201615:00:00CSC CTO Position Paper Series Explores the Digital Enterprise...
01/21/201616:19:23Current Report Filing (8-k)
01/20/201616:47:30Statement of Changes in Beneficial Ownership (4)
01/20/201616:47:30Statement of Changes in Beneficial Ownership (4)
01/15/201614:00:00CSC Embraces IBM Cloud to Accelerate Hybrid Cloud Adoption
01/06/201615:00:00Independent Research Firm Names CSC a “Leader” in Global Wor...

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