Company
News
CSC ACQUIRES NETHERLANDS-
BASED INFORMATION TECHNOLOGY
SERVICES FIRM
El Segundo, Calif., Dec.17 - Computer Sciences Corporation (NYSE: CSC)
announced today that it has acquired SYS-AID, a Netherlands-based management consulting
and information technology services firm. Terms of the all-cash transaction were not
disclosed.
Headquartered in Venlo, Netherlands, SYS-AID has annual revenues of $22.5 million, and
employs more than 260 professionals at its operations in the Netherlands and at
subsidiaries in Germany and Belgium.
"SYS-AID provides clients a balanced array of information technology
services," said Van B. Honeycutt, CSC's chairman, president and CEO. "The firm's
business consulting and I/T implementation expertise further strengthen CSC's capabilities
in Europe."
I/T services skills at SYS-AID encompass system development and software engineering,
systems and network management, and outsourcing activities. The company's consultants
specialize in logistics, finance and I/T support, including implementation of Enterprise
Resource Planning (ERP) systems. The firm has long- standing partnerships with BAAN,
Progress and Oracle.
"The benefits for SYS-AID were quite clear to us" said Peter Slijpen,
SYS-AID's founder, majority shareholder and CEO. "It is very important to us that we
continue the company's activities up-market without considerable changes, but from a
broader international basis."
CSC had $7.1 billion in revenues for the 12 months ended Oct. 2, 1998. Headquartered in
El Segundo, Calif., the company has 47,000 employees in 700 offices worldwide and provides
clients with a wide range of professional services, including management consulting,
information systems consulting and integration, and operations support. More information
about Computer Sciences Corporation is available at www.csc.com
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