CSC Wins $33M Swiss Zuger Kantonalbank Deal

July 24, 2008

CSC has extended its information technology (IT) outsourcing contract with Swiss bank Zuger Kantonalbank. The new, seven-year contract, which is valued at $33 million (34 million Swiss Francs) is an early renewal of a previous eight-year contract signed in 2002.

Under the agreement, CSC will continue to provide SAP-based applications services, including development, maintenance and support. Specifically, CSC will continue its 24x7 operation and management of Zuger’s SAP banking platform and add new functionality that enhances system efficiency and increases ease of use.

“With CSC’s support, we can continue to lower operating costs while increasing customer service,” said Beat Mathys, a Zuger Kantonalbank senior management executive. “This will enable us to further increase efficiency and improve our cost-income-ratio in the highly competitive retail banking market.”

CSC serves nearly 5,500 financial services clients in 50 countries, including one-third of the world's top 50 banks.

“The strength of our financial services heritage gives our customers security in a rapidly changing market,” said Guy Hains, president of CSC’s European Group. “We are delighted to expand our relationship with Zuger Kantonalbank and continue our work together to drive innovation and increase efficiency.”