CSC is set to buy enterprise cloud management company ServiceMesh.
Financial details of the deal are not available.
The strategic acquisition enables CSC to transformation into a next-generation IT company that helps its clients migrate their applications into cloud computing environments.
Santa Monica, Calif.-based ServiceMesh allows CSC to catalogue enterprise applications and orchestrate those applications to run in different clouds based on the characteristics of the applications.
From our unique position as an independent global technology company, we will integrate those workloads for our clients through our portfolio of services and technologies.”
The ServiceMesh Agility Platform is a single, policy-driven, integrated control point for governance, compliance and security across cloud applications and environments, empowering employees with fully governed, self-service access to applications, platforms and services. ServiceMesh works with enterprises in financial services, healthcare and other regulated industries.
CSC Chief Technology Officer Dan Hushon said ServiceMesh enables CSC to empower an ecosystem of enterprise software providers by lowering the friction for companies to execute a multi-vendor hybrid cloud strategy while maintaining central governance, policy and administration.
Commonwealth Bank of Australia Chief Information Officer Michael Harte said the combination of ServiceMesh and CSC will further strengthen and accelerate enterprise IT transformations and drive significant value.
Meanwhile, CSC revenue dipped 9 percent to $3.19 billion in the second quarter of fiscal 2014. Net income was $209 million for the second quarter, an increase of $50 million sequentially and $71 million from the prior year.