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CSC Marks 50 Years of Technology Leadership

Posted on: Thursday, 16 April 2009, 07:00 CDT

Global IT Services Firm Reflects on Milestones, Looks Ahead to Bright Future

FALLS CHURCH, Va., April 16 /PRNewswire/ -- CSC (NYSE: CSC) today announced that it is celebrating its 50th anniversary, marking five decades of delivering client service excellence across the globe. Established in 1959 by two computer scientists with one hundred dollars and a dream, CSC has since grown into a leading global consulting, systems integration and outsourcing organization with more than 92,000 employees in 80 countries. CSC provides public and private sector clients with a wide variety of business and technology solutions.

"CSC has evolved over the years into a remarkable organization of talented, dedicated individuals," said CSC Chairman, President and Chief Executive Officer Michael W. Laphen. "Our achievements have always been measured by the success of our clients, and we're pleased to offer creative ideas, global reach and highly flexible service capabilities. While we recognize that the economy is experiencing a time of extraordinary change, we will continue to invest in our future and use our 50 years of strength and experience to help our clients emerge stronger than ever."

50 Years Forward

Looking to the future, CSC has identified three meta changes that the company believes will power the next 50 years. The meta changes, published in the 50th anniversary edition of CSC World, include: consumer technology as the starting point for information technology (IT) industry innovation; IT pervasiveness in business functions and processes; and co-evolutionary business and IT relationships. To respond to these fundamental shifts as well as today's extraordinary economic pressures, large commercial firms and government agencies must determine the best way to organize IT for their future. Further information may be found at www.csc.com/cscworld.

Legacy of Excellence

Major milestones throughout CSC's history include:

• April 16, 1959: Roy Nutt and Fletcher Jones quit their jobs and found Computer Sciences Corporation (CSC).
• 1961: CSC signs its first federal contract with NASA's Jet Propulsion Laboratory (JPL) to support a computer system that collects telemetry data from unmanned space probes.
• 1965: CSC unseats General Electric Co., a company 1,000 times its size, to win a contract with the U.S. Atomic Commission.
• 1971: CSC builds the first automated traffic control system for the Panama Canal.
• 1981: CSC begins supporting the Hubble Space Telescope mission at the Space Telescope Science Institute at Johns Hopkins University and continues to support Hubble's day-to-day operations, including the successful launch in 1990, for the next three decades.
• 1989: CSC creates the Leading Edge Forum to drive global leadership in innovation.
• 1996: CSC signs a $4 billion long-term outsourcing agreement with DuPont, one of the largest and most innovative technology agreements in history.
• 2004: CSC wins the largest applications outsourcing contract in the insurance industry, from Zurich Financial Services.
• 2007: CSC expands its outsourcing capabilities in India, bolstered by the acquisitions of Covansys and First Consulting Group.

An interactive online timeline of CSC's history may be found at www.csc.com/timeline.

In 1963, CSC became the first software company traded on the Pacific and American stock exchanges. Five years later, in 1968, CSC became the first independent IT services company to be listed on the New York Stock Exchange. Laphen will commemorate CSC's 50th anniversary by ringing The Closing Bell(R) at the New York Stock Exchange today at 4 p.m. EDT. A live Webcast of the event will be available beginning at 3:55 p.m. EDT on the home page of the Exchange at www.nyse.com. CSC ranks #170 on the FORTUNE 500.

Celebrating Around the World

CSC employees will commemorate the anniversary through a host of activities, including an online celebration in the company's Second Life(R) virtual world and an interactive, global "One CSC" photo mosaic that will display profiles of CSC employees and their proudest contributions to the company. In addition, Laphen has invited the entire employee workforce to participate in a virtual collaborative brainstorm to address the question, "What's next for CSC?" The discussion will take place using a collective intelligence tool, Imaginatik's Idea Central, to submit and develop ideas on the strategic direction of the company.

"Reflecting on the highlights of the last 50 years is exciting, but we refuse to rest on our laurels," continued Laphen. "While we're proud of our accomplishments, we look forward to developing the next generation of business solutions, using our technological expertise and dedication to our clients to power the next 50 years of innovation and success."

For more information about CSC's 50th anniversary, including employee perspectives, expert predictions, please visit www.csc.com/fifty.

About CSC

CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, Global Outsourcing Services and the North American Public Sector. CSC's advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 92,000 employees and reported revenue of $17.1 billion for the 12 months ended Jan. 2, 2009. For more information, visit the company's Web site at www.csc.com.

SOURCE CSC

Source: PR Newswire

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