Tong Yang Systems Signs Software Distribution Agreement with CSC

TONG YANG SYSTEMS SIGNS SOFTWARE DISTRIBUTION AGREEMENT WITH CSC

SEOUL, Korea.- Computer Sciences Corporation (NYSE: CSC), a leading global information technology (IT) services firm, announced today that Tong Yang Systems (TYS), a leading Korean IT services firm specializing in the financial services sector, has signed an alliance agreement to market and deliver CSC’s financial services software to the insurance sector in South Korea.

Since 1981, CSC has served Asia’s insurance industry providing the full range of the company’s services. Today, CSC supports more than 200 clients in Asia in the life, property & casualty and reinsurance markets. Worldwide, CSC has more than 10,000 employees dedicated to serving its financial services clients, which include more than 1,200 major banks, insurers, and investment management and securities firms.

“Joining with CSC enables TYS to offer a broader spectrum of application software, services and global best practices to the Korean financial services industry,” said Choong Whan Lee, senior vice president of Tong Yang Systems. “Our understanding of the local Korean financial services practices will benefit CSC and our Korean clients.”

“South Korea is a growth market for CSC,” said Doug Benfield, vice president and managing partner for CSC’s Financial Services unit in Asia. “This alliance with TYS will broaden our ability to deliver solutions that improve business results for Korea’s insurance industry.”