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August 5, 2009

CSC acquires BearingPoint’s Brazilian business

To expand presence in Brazil, add vertical industry expertise and new clients

By CBR Staff Writer

CSC has completed the acquisition of BearingPoint’s operation in Brazil, which is engaged in consulting and systems integration services. The company said that the acquisition supports its multi-year strategic growth plan by expanding its presence in Brazil, and adds horizontal capabilities and vertical industry expertise.

With approximately 550 employees and offices in Sao Paulo, Rio de Janeiro and Brasilia, the operation is expected to enhance CSC’s ability to support existing customers in Brazil, add new clients, and position CSC to get new business in the region.

Additional horizontal capabilities of the operation include project management, strategy consulting and applications management. Language capabilities include English and Spanish, in addition to Portuguese.

According to the company, the acquisition will also expand its industry vertical expertise and clientele in its Chemical, Energy and Natural Resources and Technology and Consumer sectors. Clients of the Brazilian business include producers of oil and gas, and iron ore.

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Michael Laphen, chairman, president and chief executive officer of CSC, said: Today marks a milestone in the implementation of our strategic growth plan and our expansion in high-potential geographies around the world. This acquisition aligns perfectly with our capabilities and strategic focus, and it positions CSC as a major player in the local IT services arena.”

Adriano Giudice, president of CSC’s Brazilian operation, said: With a proven portfolio of successful global practices and projects, CSC is highly qualified to assist our clients in Brazil. We are very confident and excited about the role CSC will play in the Brazilian market, and the business and professional development opportunities to come.

CSC’s Latin American presence also includes existing operations in Argentina, Chile, Colombia, Costa Rica, Guatemala, Peru and Mexico. Financial terms of the transaction were not disclosed.

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