Computer Sciences Corp. (CSC) has announced it has agreed to purchase BearingPoint’s Brazilian operation which specializes in consulting and systems integration services. With the acquisition, CSC hopes to growing its business in Latin America by expanding its presence in Brazil, a fast-growing economy which ranks as the world’s ninth largest.
According to CSC, the acquisition will support their multi-year strategic growth plan. “When completed, this acquisition will mark a milestone in our strategic growth plan and the expansion of our service delivery capabilities in high-growth geographies,” said CSC Chairman, President and CEO Michael. Laphen. “With this step, we will establish a meaningful foothold in one of the world’s largest emerging markets.”
CSC already has 550 employees employed in Brazil with offices in Rio de Janeiro, Sao Paulo, and Brasilia and boasts operations in other Latin American countries including Argentina, Chile, Colombia, Costa Rica, Guatemala, Peru and Mexico. . The company believes the acquisition will help to strengthen its ability to support existing customers as well as pursue new business in the region.
The financial details of the transaction have not been disclosed, but the acquisition is expected to be completed by July 31, 2009.
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