EL SEGUNDO, Calif., -- March 15, 2006 -- Computer Sciences Corporation (NYSE: CSC - News) announced today that it has signed an information technology (IT) infrastructure outsourcing contract with Deutsche Leasing AG, a leading brand-independent leasing company in Germany. The contract is valued at $115 million (95 million euros) over 10 years.
The new agreement replaces a contract signed with Deutsche Leasing in 1997.
Under the terms of the new agreement, CSC will provide IT infrastructure management and applications services, including network, mainframe, midrange, desktop, help desk, security, applications monitoring, disaster recovery, procurement and data center support. Services will be delivered to Deutsche Leasing offices throughout Germany.
"CSC demonstrated to us that they could meet our changing IT and business requirements and provide us with the necessary IT infrastructure services," said Otto Schmitz, CIO of Deutsche Leasing. "This new agreement with CSC will support our rapidly growing business and strengthen our strategic alignment and progress towards achieving a global IT service model."
"CSC is pleased to enter into a new phase of our relationship with Deutsche Leasing," said Guy Hains, president of CSC's European Group. "The new contract underscores CSC's experience and ability to meet our clients' changing business needs, and is designed to enhance IT initiatives that deliver operational results to support Deutsche Leasing's business performance."
About Deutsche Leasing
Deutsche Leasing in Bad Homburg is Germany's largest non-captive leasing company and reported a new business volume of 4.508 billion euros in fiscal 2004/2005 (reporting date 30 September), an increase of 10 percent. The company's product portfolio covers the entire range of financing services for investments.
About CSC
Founded in 1959, Computer Sciences Corporation is a leading global IT services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.
