CSC Finalizes Fixnetix Acquisition
September 25 2015 - 10:30AM
Business Wire
Deal Accelerates CSC’s Strategic Growth Plan in
Capital Markets
CSC (NYSE: CSC), a global leader in next-generation IT services
and solutions, today announced it has closed the acquisition of
Fixnetix, a leading provider of front-office managed trading
solutions in capital markets.
The acquisition bolsters CSC’s global infrastructure strategy
and will advance CSC as a leader in providing managed services to
capital markets firms throughout the world. Fixnetix is now a
wholly owned subsidiary of CSC. Financial terms of the transaction
were not disclosed.
Combining Fixnetix with CSC’s next-generation IT platforms and
IT utility services offers capital market clients an expanded range
of as-a-service front office capabilities and addresses the growing
client demand for greater efficiency and innovation in trading,
market data and information systems, hosting, infrastructure,
connectivity and risk management.
“We welcome the Fixnetix team to CSC,” said Steve Hilton,
executive vice president and general manager, Global Infrastructure
Services, CSC. “Together, we now have a unique opportunity to
provide clients world-class global managed services for low-latency
trading, market data, hosting and connectivity and risk management
solutions. CSC is now at the forefront of emerging mission-critical
trading systems technologies, giving our clients access to an
expanded range of infrastructure capabilities.”
Hugh Hughes, CEO and chairman of Fixnetix, said “we are
embarking upon the next exciting stage of our journey and we look
forward to expanding our capabilities with existing clients,
servicing new ones and delivering in new regions.”
With headquarters in London, Fixnetix also has operations in New
York, Boston, Chicago and Tokyo. For more information on Fixnetix,
a CSC company, go to: www.fixnetix.com.
About CSC
Computer Sciences Corporation (CSC) is a global leader of next
generation information technology (IT) services and solutions. The
Company's mission is to enable superior returns on our clients’
technology investments through best-in-class industry solutions,
domain expertise and global scale. CSC has approximately 70,000
employees and reported revenue of $11.7 billion for the 12 months
ended July 3, 2015. For more information, visit the company's
website at www.csc.com.
All statements in this press release and in all future press
releases that do not directly and exclusively relate to historical
facts constitute “forward-looking statements.” These statements
represent the Company’s intentions, plans, expectations and
beliefs, and are subject to risks, uncertainties and other factors,
many of which are outside the Company’s control. These factors
could cause actual results to differ materially from such
forward-looking statements. For a written description of these
factors, see the section titled “Risk Factors” in CSC’s Form 10-K
for the fiscal year ended April 3, 2015 and any updating
information in subsequent SEC filings. The Company disclaims any
intention or obligation to update these forward-looking statements
whether as a result of subsequent event or otherwise, except as
required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20150925005476/en/
CSC ContactsRich Adamonis, Global Media Relations, CSC,
862.228.3481, radamonis@csc.comAnne Eisele, Global Media Relations,
CSC, 703.641.2315, aeisele@csc.comGeorge Price, Investor Relations,
CSC, 703.641.3842, investorrelations@csc.com
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