Tong Yang Systems Signs Software Distribution Agreement With CSC

SEOUL, South Korea, Sept. 11 /Xinhua-PRNewswire/ -- 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."

About Tong Yang Systems

Tong Yang Systems (TYS) is headquartered in Seoul, Korea, and is a leading IT services company in Korea. TYS's mission is to provide customers with services and solutions that address the challenges and opportunities arising from the explosive growth of the Internet and the rapid expansion of globalization. As leaders in advanced IT solutions, including e-business, outsourcing, consulting, and financial transactions, TYS is prepared to face the challenges of the 21st century. Capitalizing on its specialized technologies and accumulated expertise, Tong Yang Systems is creating value for its customers in the Internet age. Tong Yang is pioneering new value added businesses, reinventing itself once again as one of the best Korean IT solution providers that meets and exceeds international standards. For more information, visit the company's Web site at http://www.tysystems.co.kr/eng/default.htm .

About CSC

Computer Sciences Corporation is a leading global IT services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.

With approximately 87,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $14.9 billion for the 12 months ended March 30, 2007. For more information, visit the company's Web site at http://www.csc.com .