Tuesday, July 3, 2007
CSC Completes Covansys Acquisition
El Segundo-based Computer Sciences has completes its acquisition of Covansys, the firm said Monday afternoon. Covansys is a provider of outsourcing for the healthcare, financial services, and other indutries. The deal was worth $1.3B in cash. Covansys will add about 8,200 employees, with the majority, 6,000, in India, to CSC's workforce. CSC said it now employs approximately 14,000 people in India. Computer Sciences provides outsourcing of information technology (IT) in various industries and government, and had revenues of approximately $14.9B for the 12 months ended March 30, 2007.