Many years ago, I went to work for a company which at the time was a wholly-owned subsidiary of Computer Sciences Corporation (CSC). A few months after I joined, we were absorbed into the parent company and became known as the CSC Systems Division. This division of CSC provided systems, software and services to various and sundry US Federal Government agencies. CSC’s Systems Sciences Division (SSD) was doing the same for NASA.
In the early 1990s, CSC, along with many others, entered the Outsourcing business. They formed the Technology Management GROUP (TMG) to provide outsourcing services for commercial, rather than government entities. the motivation for this was twofold:
- Early entry into the potentially lucrative outsourcing market
- Diversification of CSC’s revenue stream, which to this point was quite dependent on government contracts.
CSC’s foray into outsourcing became quite successful over the next 10 years or so. They also became a player in the banking and insurance software business via acquisitions during this period. By 2003, commercial revenue had outpaced government-related revenue by a substantial margin.
In 2015, CSC split into two different companies. This resulted in formation of a new company known as CSRA, reflecting the merger of CSC’s government contracting organizations and SRA, another top tier government contractor. CSC retained the outsourcing and other commercial business.
In 2017, CSC merged with Hewlett Packard Enterprise (HPE) to form DXC.Technology. An interesting aspect of this merger is that HPE was the result of HP’s acquisition in 2008 of Electronic Data Systems (EDS). Back in the day, CSC and EDS were, to put it nicely, fierce competitors.
And they’re not done yet! On February 12, 2018, General Dynamics (GD) announced plans to buy CSRA for about $6.8 billion. Another interesting bit of trivia: GD was CSC’s first big outsourcing deal. I don’t know if the deal is still in place with DXC.Technology, but wouldn’t surprise me if it was.