CSC Bets on Brazil

Furthering its expansion into Latin America, Falls Church, Va.-based Computer Sciences Corp. has acquired VIXIA Consultoria e Tecnologia Ltda., a São Paulo-based IT services firm focused on providing core operational software, business consulting and systems integration services to insurance and reinsurance companies in Brazil.

The companies say the combination will meld the global portfolio of financial services-specific applications and services of CSC with the local market and service delivery expertise of VIXIA. CSC says having these local capabilities improves its ability to address the needs of an emerging market, as a growing number of insurance companies and banks in Brazil and across Latin America are seeking to modernize their information technology capabilities. “Expanding our financial services business in high-growth geographies, including Latin America, is a key thrust of our strategy, and the acquisition of VIXIA enhances CSC’s ability to serve both local and multinational clients operating in the region,” said Ray August, president of CSC’s Financial Services Group.

“Joining forces with a leading global organization with all the financial services industry capabilities that CSC provides will enable us to offer our clients and prospects a much broader set of industry-specific and globally proven solutions and capabilities,” said Geraldo Cavagnari, president, VIXIA, who along with Wagner Antunes, sales director, will join CSC as managing directors of the Financial Services Group in Brazil. “Together, we can focus our expertise and resources to address the current and future mission-critical needs of the Latin American insurance and banking industry.”

Financial terms of the agreement were not disclosed.

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