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CSC Splits in Two

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Computer Sciences Corporation announces it is going split into two independent pure-play companies-- one serving commercial and government clients globally and the other covering exclusively the US public sector.

CSCThe two companies are (perhaps predictably) named CSC Global Commercial and CSC US Public Sector. Both are the result of the "Get Fit" phase of the CSC turnaround plan, one based around a common operating goal, streamlined cost structure and improved go-to-market performance.

“CSC began its turnaround three years ago,” CEO Mike Lawrie says. “That turnaround has progressed strongly, and our focus now turns to positioning the business for long-term growth and leadership. The best way to accelerate that transformation is by separating the company into two businesses, each uniquely positioned to lead its market by focusing strongly on the needs of its clients.”

In other words, the split is based on going for a pure-play strategy, one the company hopes will "enable both businesses to enhance innovation and improve delivery, in ways that are consistent with the rate and pace of the markets they serve.”

Leadership and location of the two CSC parts are still to be announced. Proceedings should be finalised by end October 2015.

Go CSC Announces Play to Separate into Two Independent Companies