CSC signs information-technology alliance with The First National Bank of Chicago.EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif.--(BUSINESS WIRE)--Sept. 18, 1995--Computer Sciences Corp. (NYSE NYSE See: New York Stock Exchange :CSC) Monday announced a seven-year technology alliance with The First National Bank of Chicago, the nation's 10th-largest bank. The agreement calls for CSC to support the bank's re-engineering efforts and establish common systems to support its financial- reporting operations. As part of the agreement, bank employees who currently support applications development and maintenance projects will also join CSC, assisting the bank under the new agreement. In addition, CSC will help First Chicago become the first North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. bank to install SAP R/3, a client-server system Client-server system A computing system that is composed of two logical parts: a server, which provides services, and a client, which requests them. The two parts can run on separate machines on a network, allowing users to access powerful server resources viewed as a leader in streamlining and simplifying transaction-processing tasks across an enterprise. Based in Germany, SAP is one of the world's leading applications software companies. Its R/3 client-server system is currently installed in 4,000 sites worldwide and is accepted as the standard in key industries such as oil, chemical, consumer packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one and high technology/electronics. ``We're pleased to help First Chicago break new ground as the banking industry's pacesetter with SAP R/3,'' said CSC President and Chief Executive Officer Van B. Honeycutt. ``We also believe that in partnering with First Chicago, we're giving them unprecedented flexibility. In a fast-moving business environment, they'll have the freedom to quickly adapt their systems to changing strategies. And they'll stay current with emerging technologies.'' Added W. Eric Harris Eric Harris may refer to:
service industry - an industry that provides services rather than tangible objects to SAP implementation capabilities to legacy application migration -- convinced us that having a full-service partner gave us the broadest range of options as we move forward. In addition, the cultural fit between the two companies was right. ``Most important,'' Harris added, ``we're confident that our employees joining CSC can look forward to a future with solid career and advancement opportunities in a company where their skills are its primary business.'' The First National Bank of Chicago is the main bank subsidiary of First Chicago Corp., which has more than $75 billion in assets and is the nation's 10th-largest holding company. It offers the full range of services for corporations of all sizes, institutional investors, government agencies and consumers. On July 12, 1995, it announced a merger of equals with NBD NBD Next Business Day NBD National Bank of Dubai (United Arab Emirates) NBD No Big Deal NBD Network Block Device (Linux) NBD Nucleotide Binding Domain NBD New Business Development Bancorp, which is expected to be completed before the end of the year. Computer Sciences Corp. had $3.6 billion in annual revenues for the 12 months ended June 30, 1995. The company has headquarters in El Segundo and 33,000 employees in 575 offices worldwide. CSC provides clients with a wide range of professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , including management consulting; business re-engineering; information-systems consulting and integration; and outsourcing. CONTACT: Computer Sciences Corp., El Segundo Bruce Plowman, Mary Rhodes or Spencer Davis 310/615-0311 |
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