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CSC Selling Hardware, Software Reselling Unit For $90M; Mike Lawrie Comments

 

Mike Lawrie
Mike Lawrie

Computer Sciences Corp. (NYSE: CSC) has agreed to sell its enterprise hardware and software reselling business to a Japan-based conglomerate for $90 million cash.

CSC expects the transaction, its fourth divestiture within the last four months, to close in March 2013, the company said Wednesday.

The Falls Church, Va.-based information technology contractor agreed in December 2012 to sell an Australian staffing unit for $73.5 million cash and is divesting of an Italy-based consulting and systems integration services business for an undisclosed amount.CSC logo_GovConWire

A consortium comprised of ITOCHU Techno-Solutions Corp. and ITOCHU Corp. is buying the enterprise systems integration unit from CSC.

“The sale of ESI marks our continued realignment of company assets with our strategy of leading the next generation of technology solutions and services including cybersecurity, big data and cloud computing, ” said Mike Lawrie, CSC president and CEO.

The ESI unit operates in Singapore and Malaysia.

“We are focusing our attention on high-value solutions for clients in Singapore, Malaysia and other parts of Southeast Asia, ” he added.

The ESI unit’s fiscal year 2012 revenue was approximately $180 million with mid-single digit operating margins, CSC said.

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