Computer Sciences Corp. Announces Multiyear Agreement with Synovus Financial Corp.

Strategic Insights -

Computer Sciences Corp. has announced a multiyear, multimillion-dollar agreement to implement, support, and maintain the human resources (HR) applications of Synovus Financial Corp., a diversified financial services company with approximately 10,000 team members. The agreement will see CSC implement PeopleSoft's HR, benefits administration, and payroll applications for Synovus Service Corp. and provide ongoing applications support and facilities management.

Key Takeaways:

  • The agreement will span multiple years and cost millions of dollars, with CSC implementing PeopleSoft's HR, benefits administration, and payroll applications for Synovus Service Corp.
  • CSC's Global PeopleSoft Practice in Athens, Ala. will provide application management and support, including user support, problem correction/break-fix support, portfolio enhancements to the PeopleSoft software, and technical support.
  • The project exemplifies CSC's end-to-end approach in the enterprise solutions marketplace, providing a single, clearly defined solution that breaks out costs, deliverable target dates, and market-driven upgrades over the life of the project.
  • Synovus Financial Corp. is a $10.6 billion asset, multi-financial services company composed of 36 banks serving communities throughout the southeast.
  • The company's Internet address is www.synovus.com.
  • Computer Sciences Corporation helps clients in industry and government use information technology to achieve strategic and operational objectives, with 52,000 employees in more than 700 offices worldwide.
  • CSC had revenues of $8 billion for the twelve months ended July 2, 1999.
  • The company's headquarters are in El Segundo, California.

Statistics:

  • $10.6 billion: Synovus Financial Corp.'s asset value.
  • 10,000: Number of Synovus team members.
  • 36: Number of banks serving communities throughout the southeast.
  • $8 billion: CSC's revenues for the twelve months ended July 2, 1999.
  • 52,000: Number of CSC employees worldwide.
  • 700: Number of CSC offices worldwide.

Sources:

  • PRNewswire, Aug. 30.
  • Synovus Financial Corp. press release.
  • Computer Sciences Corp. press release.
  • CSC's website: www.csc.com.
  • PRNewswire, July 2, 1999.
  • Synovus Financial Corp. website: www.synovus.com.