CSC Acquires Brazilian IT Services Firm VIXIA

CSC CSC today announced it has acquired VIXIA Consultoria e Tecnologia Ltda., a São Paulo-based IT services firm focused on providing core operational software, business consulting and systems integration services to leading insurance, reinsurance and financial institutions in Brazil. The combination of CSC and VIXIA will offer the Latin American market a proven, global portfolio of financial services-specific applications and services, along with deep, local market and service delivery expertise. The acquisition advances CSC's position to support the expansion objectives of its multinational clients, as well as its position to pursue and win new business in this emerging financial services market. Financial terms of the agreement were not disclosed. CSC announced its increased presence in Latin America in 2009, when it introduced a broad spectrum of software and services for the region's financial services industry. This followed a strategic acquisition in Brazil which established CSC as a major provider of consulting and systems integration services. The VIXIA team will leverage CSC's current base of business to pursue new business in Latin America.