CSC was founded in April 1959 in Los Angeles, California, by Roy Nutt and Fletcher Jones. CSC initially provided programming tools such as assembler and compiler software. In the 1960s, CSC provided software programming services to major computer manufacturers like IBM and Honeywell and secured their first contracts for the U.S. public sector with NASA. By 1963, CSC became the largest software company in the United States and the first software company to be listed on the American Stock Exchange. By the end of 1968, CSC was listed on the New York Stock Exchange and had operations in Canada, India, the United Kingdom, Germany, Spain, Italy, Brazil, and the Netherlands. In the 1970s and 1980s, CSC expanded globally winning large contracts for the finance and defense industries and through acquisitions in Europe and Australia. In 2000 CSC founded a joint-venture called Innovative Banking Solutions AG in Wiesbaden, Germany to market their newly developed SAP solution for mortgage companies. Since its beginnings in 1959, company headquarters had been in California. On March 29, 2008, the corporate headquarters of the company were relocated from El Segundo, California, to Annandale, Virginia. CSC has been a Fortune 500 Company since 1995, coming in at 162 in the 2012 rankings. In May 2015, CSC announced plans to split the public sector business from its commercial and international business. In August, it was announced that CSC's Government Service business would merge with SRA International to form a new company -- CSRA—at the end of November 2015. In July 2015, CSC and HCL Technologies announced the signing of a joint venture agreement to form a banking software and services company, Celeriti FinTech. In September 2015, CSC closed the acquisition of Fixnetix, a provider of front-office managed trading solutions in capital markets. CSC also acquired Fruition Partners, a provider of technology-enabled solutions for the service-management sector during the month. In November 2015, CSC agreed to acquire the shares of UXC, an IT services company based in Australia in a deal valued at . In December 2015, business technology and services provider, Xchanging, agreed to be purchased by CSC. In February 2016, CSC announced it was moving its headquarters to Tysons, Fairfax County's central business district, just a few miles from Annandale. On April 3, 2017, it merged with HP Enterprise Services to create DXC Technology.
Business
CSC ranked among the leading IT service providers in the world. Geographically, CSC had major operations throughout North America, Europe, Asia, and Australia. The company operated in three broad service lines or sectors until the 2015 divestment of NPS, its public sector:
North American Public Sector : Since 1961, CSC had been one of the major IT service providers for the U.S. federal government. CSC provided services to the United States Department of Defense, law enforcement and intelligence agencies , aeronautics and aerospace agencies . In 2012, U.S. federal contracts accounted for 36% of CSC total revenue.
In December 2011, the non-partisan organization Public Campaign criticized CSC for spending on lobbying and not paying any taxes during 2008–10, instead getting in tax rebates, despite making a profit of.
In February 2011, the U.S. Securities and Exchange Commission launched a fraud investigation into CSC's accounting practices in Denmark and Australian business. CSC's CFO Mike Mancuso confirmed that accounting errors and intentional misconduct by certain personnel in Australia prompted SEC regulators to turn their gaze to Australia. Mancuso also stated that the alleged misconduct includes in both intentional accounting irregularities and unintentional accounting errors.
The company has been accused of breaching human rights by arranging several illegal rendition flights for the CIA between 2003 and 2006, which also has led to criticism of shareholders of the company, including the governments of Norway and Britain.
The company has engaged in a number of activities that have resulted in legal action against it. These are:
# Its so called WorldBridge Service, which processed and issued millions of visa applications to enter Britain, did not involve British authorities.
# CSC was one of the contractors hired by the Internal Revenue Service to modernize its tax-filing system. They told the IRS it would meet a January 2006 deadline, but failed to do so, leaving the IRS with no system capable of detecting fraud. Its failure to meet the delivery deadline for developing an automated refund fraud detection system cost the IRS between and.
