Computer Horizons Corp. Awarded Multi-Million Dollar Contract to Solve Year 2000 Date-Field Problem

Strategic Insights -

Computer Horizons Corp. (CHC) has been awarded a multi-million dollar contract to solve the year 2000 date-field problem for United States Automobile Association (USAA), the largest provider of all forms of insurance to the United States military and military personnel. The year 2000 poses a significant challenge to the information technology industry, threatening to halt normal operations unless addressed. CHC's solution, Signature 2000, is a combination of service and software that comprehensively searches for and replaces inadequate date fields, allowing customers to perform other system upgrades simultaneously.

Key Takeaways:

  • Computer Horizons Corp. (CHC) has been awarded a multi-million dollar contract to solve the year 2000 date-field problem for USAA.
  • The year 2000 date-field problem poses a significant challenge to the information technology industry, threatening to halt normal operations.
  • CHC's solution, Signature 2000, is a combination of service and software that comprehensively searches for and replaces inadequate date fields.
  • Signature 2000 allows customers to perform other system upgrades simultaneously while the year 2000 date-field problem is being addressed.
  • USAA aims to tackle the year 2000 problem ahead of schedule to avoid potential crunches in the next couple of years.
  • Consumer Reports ranked USAA as the number one insurance company in the nation for price vs. coverage.
  • Computer Horizons Corp. is a diversified information technology services company with 33 offices and subsidiary organizations.
  • CHC employs 2,300 people in the United States.

Statistics:

  • The year 2000 date-field problem affects nearly every business that uses computers, especially those in data and date-intensive industries.
  • USAA has chosen to tackle the year 2000 problem ahead of schedule, citing the potential risks of Waiting too long.
  • The contract award to CHC is valued at over $1 million.
  • Computer Horizons Corp. maintains software facilities in Pompano Beach, FL, Parsippany, NJ, and New Delhi, India.
  • CHC also has software outsourcing and project facilities in Minneapolis, MN, and Mountain Lakes, NJ.

Sources:

  • Business Wire - May 3, 1995
  • Computer Horizons Corp. - Founded in 1969 (Source: Business Wire)
  • Computer Horizons Corp. - NASDAQ ticker symbol: CHRZ (Source: Business Wire)
  • Consumer Reports - ranked USAA as the number one insurance company in the nation for price vs. coverage (Source: Business Wire)
  • USAA - largest provider of all forms of insurance to the United States military and military personnel (Source: Business Wire)