CSC to acquire Fruition Partners and Fixnetix

CSC CEO Mike Lawrie
IT services provider CSC is set to acquire Fruition Partners, a provider of solutions for the service-management sector, and Fixnetix, a provider of front-office managed trading solutions in capital markets.

The strategy behind the acquisition of Fruition Partners is to offer an expanded range of cloud-based service-management solutions to improve their business results through organizational efficiency and lower operating costs.

The acquisition of Fixnetix will enable CSC to offer capital market clients an expanded range of as-a-service front office capabilities.

Fixnetix is headquarters in London, and has operations in New York, Boston, Chicago and Tokyo.

Fruition Partners is headquartered in Chicago and has operations in the United States, Canada, United Kingdom and South America.

The privately held company Fruition Partners brings to CSC more than 300 practitioners covering ServiceNow, cloud development and service-management consulting capabilities.

Meanwhile, CSC said its revenue fell 14.7 percent to $2761 million in the June 2015 quarter. CSC generated $919 million (-7.5 percent) from Global Business Services, $885 million (-15.3 percent) from Global Infrastructure Services and $957 million (-6 percent) from North American Public Sector during the quarter.

Mike Lawrie, president and CEO of CSC, said: “Our intention to acquire Fixnetix and Fruition Partners are examples of how we are investing to shape CSC’s post-separation commercial business, best serve our global clients, and capitalize on growth opportunities in the marketplace.”

Baburajan K
[email protected]

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