Business Services Industry
Covansys sale: From first contact to $1.3B deal - in three weeks.(News)(Computer Sciences Corp.)
Crain's Detroit Business, April, 2007 by Henderson, Tom
Byline: Tom Henderson The agreement to sell Farmington Hills-based Covansys Corp. to El Segundo, Calif.-based Computer Sciences Corp. came after a whirlwind courtship, said Raj Vattikuti, Covansys' president, founder and CEO. Vattikuti said Covansys will continue to operate as a division of Computer Sciences and maintain its Farmington Hills headquarters.
He will continue to run it, with a title yet to be determined. He said local employment will be only minimally affected. The global IT services company has 341 employees in Michigan, including 160 in its headquarters. "This all happened in three weeks,'' he said. "We were not looking to sell at all. They approached us. They'd been following us the last few years and thought it would be a good model.''...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
