CSC signs outsourcing pact with Polaroid.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)--Jan. 4, 1995--Computer Sciences Corp. (NYSE NYSE See: New York Stock Exchange :CSC) Wednesday announced a five-year outsourcing contract with Polaroid Corp. (NYSE:PRD PRD progressive retinal degeneration. ). Total value of the contract over five years is $10 million. In addition, Polaroid can exercise three one-year extensions after the initial five-year pact. The agreement calls for CSC to acquire and manage all of Polaroid's IBM mainframe IBM mainframes, though perceived as synonymous with mainframe computers in general due to their marketshare, are now technically and specifically IBM's line of business computers that can all trace their design evolution to the IBM System/360. systems supporting its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and European operations. These systems, currently located at Polaroid's data center in Waltham, Mass., support all of the company's internal operations spanning finance, marketing and distribution applications. CSC will manage these systems from its Norwich, Conn., data center, providing mainframe operations, technical support and network management. ``Polaroid's decision to team with CSC will help them reduce costs and improve their flexibility as they migrate to new technologies such as client-server platforms,'' said Van B. Honeycutt, CSC president. ``Over the long term, our goal is to add value wherever we can to Polaroid's technology operations.'' Work will be performed by CSC's Technology Management Group and is scheduled to begin in early January. Polaroid, with in excess of $2 billion in sales, is the worldwide leader in instant imaging. The company supplies instant photographic cameras and films, conventional cameras and films, videotapes and electronic imaging products to markets worldwide, including amateur and professional photography, industry, science, medicine, government and education. Computer Sciences Corp. has $2.9 billion in annual revenues, about 55 percent of which comes from commercial clients and the rest from the U.S. government. The company has headquarters in El Segundo, Calif., and has 30,000 employees in 450 offices, primarily in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe and Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. countries. CSC provides clients with a wide range of professional services, including management consulting; business re-engineering; and information-systems consulting, integration and outsourcing. CONTACT: Computer Sciences Corp., El Segundo Bruce Plowman or Mary Rhodes, 310/615-0311 |
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