CSC Signs Contract in Excess of $150 Million With Exelon Corporation
July 03 2008 - 9:00AM
PR Newswire (US)
FALLS CHURCH, Va., July 3 /PRNewswire-FirstCall/ -- CSC (NYSE:CSC)
announced today that it has signed an information technology (IT)
services agreement with Exelon Corporation, one of the nation's
largest electric utilities. The contract, which has a five-year
base period, and three one-year options, is valued in excess of
$150 million. Under the terms of the agreement, CSC will provide
Exelon with a broad spectrum of infrastructure support services,
including help desk, desktop support, database administration,
telecommunications and data network support, and server management
services. Work will be performed at various locations in the U.S.
as well as CSC's World Sourcing delivery centers in Malaysia and
India. "We are pleased to have CSC bring their experience and
expertise to Exelon," said Daniel Hill, senior vice president and
CIO of Exelon IT. "Exelon is committed to operational excellence
and providing superior value for our customers, shareholders and
employees. We believe CSC will be a valuable partner in helping
Exelon deliver on our commitments." "We are pleased that Exelon
Corporation has selected CSC to provide these critical IT
services," said Richard Ricks, president of CSC's Global
Outsourcing Services organization. "Through Project Accelerate, our
strategic growth initiative, we are unifying global efforts to
cultivate deeper energy and utility industry expertise to offer
higher value solutions to our customers. We are enthusiastic about
adding this prestigious company to our portfolio of clients and are
committed to bringing operational excellence and innovation to
Exelon." Teaming with CSC is System Development Integration, Inc.
(SD I), of Chicago, Ill. About Exelon Corporation Exelon
Corporation is one of the nation's largest electric utilities with
approximately $19 billion in annual revenues. The company has one
of the industry's largest portfolios of electricity generation
capacity, with a nationwide reach and strong positions in the
Midwest and Mid-Atlantic. Exelon distributes electricity to
approximately 5.4 million customers in northern Illinois and
Pennsylvania and natural gas to more than 480,000 customers in the
Philadelphia area. Exelon is headquartered in Chicago and trades on
the NYSE under the ticker EXC. About CSC CSC is a leading IT
services company. CSC's mission is to be a global leader in
providing technology-enabled business solutions and services. With
approximately 90,000 employees, CSC provides innovative solutions
for customers around the world by applying leading technologies and
CSC's own advanced capabilities. These include systems design and
integration; IT and business process outsourcing; applications
software development; Web and application hosting; and management
consulting. Headquartered in Falls Church, Va., CSC reported
revenue of $16.5 billion for the 12 months ended March 28, 2008.
For more information, visit the company's Web site at
http://www.csc.com/. DATASOURCE: CSC CONTACT: Rich Venn, Media
Relations, +1-310-615-3926, , or Bill Lackey, Director, Investor
Relations, +1-310-615-1700, , both of CSC Web site:
http://www.csc.com/
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