The 10 Biggest Channel Stories Of 2015
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5. CSC Splits, Merges To Form World’s Largest U.S. Government Partner
CSC, No. 5 on the CRN SP 500, announced in May that it would split into two publicly traded companies, one focused on the company’s $8.1 billion global and commercial businesses and the other focused on its North American public sector business.
The $4.1 billion U.S. government unit of CSC in August announced that it would merge with $1.4 billion public sector player SRA, forming CSRA, the world’s largest pure-play U.S. government solution provider. Both the split and SRA merger closed in November.
CSC’s commercial arm is trying to reverse its sagging fortunes through a series of acquisitions, announcing three since August and bidding for a fourth in November.