CSC to acquire cloud company
CSC has signed an agreement to purchase enterprise cloud management company ServiceMesh.
CSC, a Falls Church-based information technology comapany, said the acquisition would allow the company to help its clients migrate their applications into cloud computing environments.
ServiceMesh, which is based in Santa Monica, Calif., provides ServiceMesh Agility Platform, which automates the management of enterprise applications and platforms across private, public and hybrid cloud environments.
The company’s clients include some of the world’s largest enterprises in financial services, health care and other industries.
“With ServiceMesh, we will empower an ecosystem of enterprise software providers by lowering the friction for companies to execute a multivendor hybrid cloud strategy while maintaining central governance, policy and administration,” CSC Chief Technology Officer Dan Hushon said in a statement.
The acquisition is part of CSC’s strategy to acquire business in the high-growth segments of the technology services market. The acqusition price was not disclosed.
The companies expect to close on the transaction in the third quarter of CSC’s 2013 fiscal year, which ends in December.