CSC to split into two publicly traded companies

Computer Sciences Corporation, an IT provider which has a facility in Blythewood, announced Tuesday plans to separate into two independent, publicly traded companies.

One outfit will focus solely on global commercial and government clients while the other will serve U.S. public sector clients.

No decision has been made on which the Blythewood facility will fall under, according to spokesman Rich Adamonis. CSC hopes to make those decisions by October, he said, which will be based on the functionality of the company’s facilities.

“CSC began its turnaround three years go,” CEO Mike Lawrie said. “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.”

The Blythewood operation, which employs more than 1,100, was acquired by CSC in 2000. Before that it was known as Mynd Corporation after initially being established in 1974 as Policy Management Services Corporation (PMSC).

 

See the article from Columbia Regional Business Report

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