Computer Sciences Corporation and Hitachi Form Strategic Alliance - Company Business and Marketing

Edge: Work-Group Computing Report, Nov 15, 1999

Computer Sciences Corporation and Hitachi, Ltd. Wednesday announced they have formed a long-term strategic alliance to offer current and future customers of Hitachi leading-edge information technology (I/T) systems and services in Japan.

Under the alliance, CSC and Hitachi will collaborate to provide I/T systems and services incorporating world-class business practices, enabling customers to compete more effectively on a global basis. The alliance will primarily support large projects, such as those resulting from the mergers of financial institutions. CSC and Hitachi will take advantage of the synergetic effect of using both companies' I/T technology and consulting capabilities to respond to customers' needs with total, comprehensive global solutions. The alliance will also form the necessary organization to support clients' end users.

"Japanese companies and public sectors have a pressing need to globalize their I/T systems," said Etsuhiko Shoyama, president and director of Hitachi. "Hitachi has been preparing its systems integration capability to meet customers' requirements of this global age. In order to expedite our drive to expand our capabilities further, we decided to collaborate with CSC, a leading I/T services firm in the U.S., which has advanced total solutions expertise and know-how. We are confident we will be able to provide more advanced I/T services to our customers faster through this alliance between CSC and Hitachi."

"CSC has a proud legacy of helping our clients achieve their goals by delivering highly effective, complex information systems on a global basis," said Van B. Honeycutt, chairman, president and chief executive officer of CSC. "We have formed numerous successful alliances with some of the world's leading companies, and we're pleased at this opportunity to help Hitachi provide superior business solutions to their customers."

Hitachi, which possesses world-class engineering technology and know-how, has extensive experience in large-scale systems development in Japan. The firm has also made substantial investments in developing leading edge hardware and software technologies as well as extensive I/T services capabilities in networking and outsourcing.

Hitachi, Ltd., headquartered in Tokyo, Japan, is one of the world's leading global electronics companies, with fiscal 1998 (ended march 31, 1999) consolidated sales of $65.9 billion (7,977 billion yen(a)). The company manufactures and markets a wide range of products, including computers, semiconductors, consumer products and power and industrial equipment. For more information on Hitachi, Ltd., please visit Hitachi's'Web site at http://www.hitachi.co.jp.

Computer Sciences Corporation helps clients in industry and government use information technology to achieve strategic and operational objectives. With 54,000 employees in more than 700 offices worldwide, the company tailors solutions from a broad suite of integrated service and technology offerings, including e-business strategies and technologies; management and I/T consulting; systems development and integration; application software; and I/T and business process outsourcing.

Since its formation in 1959, CSC has been known for its flexibility in its relationships with clients. Through numerous agreements with hardware and software technology firms, the company is able to identify and manage solutions specifically tailored to each client's needs. CSC had revenues of $8.2 billion for the twelve months ended October 1, 1999. Its headquarters are in El Segundo, California. For more information, visit the company's web site at http://www.csc.com. (a) At an exchange rate of 121 yen to the dollar.