CSC (NYSE: CSC) today announced a five-year information technology (IT) contract extension with leading retailer Kmart Australia, valued at approximately $25 million (AUD$36.4 million).
Under terms of the agreement, CSC will continue to provide comprehensive infrastructure systems and operations support services for more than 400 Kmart, Kmart Tyre and Auto retailers. This award extends a contract CSC signed in 2004 with Coles Myer, which owned Kmart at the time.
"CSC has worked hard to build a strong relationship with Kmart and the professionalism and quality of service from them has been a contributing factor in this major decision," said Ian Baily, chief operating officer, Kmart Australia. "We are working closely together and leveraging skills to drive improvements that benefit both companies."
"During tough economic times, this contract extension is a testament to our ability to deliver the results our clients need," said Nick Wilkinson, president of CSC's operations in Australia. "We are 100 percent committed to continue working alongside Kmart to help them fulfill their business objectives and look forward to further strengthening an already solid relationship."
CSC is a leading provider of IT services in Victoria with a portfolio of clients that include ITSS, Powercor-Citipower, D&B Australia and Tenix Solutions.
About Kmart Australia
Kmart is one of Australia's largest discount department store retailers, with 184 stores throughout Australia and New Zealand and more than 25,000 team members. Key categories for Kmart are Toys, Leisure, Entertainment, Home, Menswear, Womanswear, Childrenswear, Footwear, Beauty, Underwear and Consumables. Kmart offers customers a mix of own brands such as Girl Xpress, Now, Apha and Jackeroo as well as national brands such as Revlon, Sony, Bonds and Kodak.
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, Global Outsourcing Services and the North American Public Sector. CSC's advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 92,000 employees and reported revenue of $17.1 billion for the 12 months ended Jan. 2, 2009. For more information, visit the company's Web site at www.csc.com.