CSC Finalizes Fruition Partners Acquisition
September 21 2015 - 8:00AM
Business Wire
Transaction Accelerates CSC’s Strategic Growth
Plan in Enterprise Digital Solutions
CSC (NYSE: CSC), a global leader in next-generation IT services
and solutions, today announced it has closed the acquisition of
Fruition Partners, the leading provider of technology-enabled
solutions for the service-management sector and the largest
ServiceNow-exclusive service-management consulting firm. The
acquisition bolsters CSC’s ability to offer enterprise and emerging
clients an expanded range of cloud-based service-management
solutions to improve their business results through organizational
efficiency and lower operating costs.
Fruition Partners is now a wholly owned subsidiary of CSC and
will do business as Fruition Partners, a CSC company. Financial
terms of the transaction were not disclosed. ServiceNow is a CSC
strategic alliance partner.
Combining Fruition Partners with the scale, reach, industry
penetration and extensive skill portfolio of CSC creates an
extraordinary leadership position in the fast-growing enterprise
software-as-a-service (SaaS) market. It also addresses growing
client demand for better, faster and more efficient
service-management capabilities across process, applications and
infrastructure – both traditional and cloud-enabled.
“We welcome the Fruition Partners team to CSC,” said Jim Smith,
executive vice president and general manager, Global Business
Services, CSC. “Together, we now can provide enterprise clients
with end-to-end support for ServiceNow-related software and
solutions, as well as a broader range of professional
service-management offerings. CSC is now at the forefront of
helping modern enterprise optimize technology to manage work,
giving our clients access to an expanded range of XaaS
capabilities.”
Marc Talluto, co-founder and chief executive officer, Fruition
Partners, said “the combined business marries CSC’s global strength
with Fruition Partners’ service-management expertise to bring
existing and new clients even greater results as they continue to
be challenged in the constantly evolving digital world. We look
forward to cross-pollinating service offerings and best practices,
including pre-packaged accelerators and integrations, an exclusive
shared ServiceNow knowledge base, and the world’s only fully
managed ServiceNow application service offering. Fruition Partners
is excited to be part of the CSC family.”
Talluto will lead CSC’s global ServiceNow organization,
reporting to Ravi Puri, vice president and general manager, Digital
Applications organization. Fruition Partners employees will begin
transitioning to CSC immediately for completion by year-end.
With headquarters in Chicago, Fruition Partners has operations
in the United States, Canada, the United Kingdom and South America.
For more information on Fruition Partners, a CSC company, go to:
www.fruitionpartners.com.
“Adding Fruition Partners to CSC is a sound strategic decision
and underscores CSC’s commitment to drive service management across
the enterprise, said David Schneider, chief revenue officer,
ServiceNow. “We believe this combined business will accelerate the
cloud-based service transformation opportunities for CSC’s
clients.”
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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CSCGlobal Media Relations:Rich Adamonis,
862-228-3481radamonis@csc.comorAnne Eisele,
703-641-2315aeisele@csc.comorInvestor Relations:George Price,
703-641-3842investorrelations@csc.com
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