Comdisco acquires CSC CompuSource's Disaster Recovery business; will also provide disaster recovery services to parent, Computer Sciences Corp.ROSEMONT, Ill.--(BUSINESS WIRE)--March 12, 1996--Comdisco Disaster Recovery Services today announced it entered into an agreement to acquire the assets and contracts of the disaster recovery division of CSC (Card Security Code) A three- or four-digit number printed on the back of credit cards for security purposes. Called "Card Verification Value" (CVV) by Visa, "Card Validation Code" (CVC) by MasterCard and "Card Identification (CID) by American Express and Discover, CompuSource, a unit of Computer Sciences Corporation. Financial terms of the agreement were not disclosed. Under the agreement, Comdisco will acquire customer contracts for CSC CompuSource's alternate facility (hotsite) recovery services, check processing recovery services, Provident mobile recovery and related assets. In a separate agreement, Comdisco was awarded contracts to provide disaster recovery services for CSC's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. facilities. Cary, NC-based CSC CompuSource served the disaster recovery and mobile recovery services market for 14 years, specializing in low-end 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. recovery. Comdisco will gain more than a dozen operations and sales employees from CSC CompuSource, along with facilities in Norcross, GA, Tewksbury, MA, and Niles, OH. "CSC CompuSource has developed an excellent service model for the small- to medium-sized marketplace," said David Nolan There have been a number of notable individuals called David Nolan including;
According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Nolan, all Comdisco customers will benefit from the acquisition of the Provident mobile recovery service. "This option extends our end-to-end recovery product set," said Nolan. "We can aggressively deploy and configure the Provident mobile capability in just three days. This is a new option for Comdisco's customers who want to recover at or near their home sites. It is particularly well suited for recovery of small- to mid-sized systems and workareas and complements Comdisco's large-scale COMROC(R) mobile recovery facility. The CSC CompuSource acquisition is truly a win for all parties." "CSC's strength is in its core business -- IT services, specifically systems integration and outsourcing," said E.P. Boykin, president of CSC's Technology Management Group and the CSC CompuSource unit. "In order to best serve our disaster recovery clients, our goal was to identify a provider that demonstrates market leadership through solid experience and an excellent technical staff. Employees and customers agreed Comdisco was the most appropriate choice." Boykin said the transaction will not materially affect CSC's revenue or profits for the period. Computer Sciences Corporation (NYSE NYSE See: New York Stock Exchange :CSC) provides clients with a full range of information technology services, including business reengineering and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects , systems development and integration and systems operations and outsourcing. The company is headquartered in 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 , CA, and has 34,000 employees in 575 offices, primarily in the U.S., Europe and Australia. CSC's revenue for the 12 months ended December 29, 1995, was $4.1 billion. Founded in 1980, Comdisco Disaster Recovery Services, headquartered in Rosemont, IL, is the world's largest and most experienced provider of business continuity services. It has a network of fully equipped computer and Workarea Recovery Centers available to subscribers in the event of a disruption affecting their businesses. In addition to its network of North American recovery facilities, Comdisco operates facilities in France and Great Britain Great Britain, officially United Kingdom of Great Britain and Northern Ireland, constitutional monarchy (2005 est. pop. 60,441,000), 94,226 sq mi (244,044 sq km), on the British Isles, off W Europe. The country is often referred to simply as Britain. . Comdisco Disaster Recovery Services is a division of Comdisco, Inc. (NYSE:CDO (Collaborative Data Objects) A programming interface from Microsoft for accessing MAPI-based e-mail, calendaring and scheduling servers. Originally called "OLE Messaging" and "Active Messaging," CDO wraps the Enhanced MAPI library into a COM object that provides the ), one of the world's leading providers of solutions that help organizations reduce technology cost and risk. These services include equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
COMROC is a registered trademark of Comdisco Disaster Recovery Services. EDITORS NOTE: There is a double slash following "http:" in the text above. There is also an "at" symbol following "djlaux" in the Contact information below. These symbols may not appear properly in some systems. CONTACT: Comdisco Diane Laux, 708-518-5409 djlaux@comdisco.com or CSC Bruce Plowman, 310-615-1783 |
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