CSC acquisition expands health IT offerings
N.J. firm provides regulatory submission management solutions, outsourcing services
- By David Hubler
- Dec 06, 2010
Computer Sciences Corp. has signed a purchase agreement to acquire Image Solutions Inc., a provider of regulatory submission management solutions and related outsourcing services.
Financial terms of the deal were not disclosed.
The planned acquisition of the privately held company will support the strategic growth plan of the CSC Health Care business by expanding the company’s presence in the Life Sciences sector, a CSC statement released today said.
ISI’s offerings such as eCTDXPress and ISIPublisher, combined with CSC’s enterprise content management offerings such as FirstDoc and FirstPoint, will create an integrated, end-to-end business solution for electronic regulatory submissions, according to the statement.
Additional capabilities will include integrated solutions that leverage ISI’s Life Sciences industry expertise with CSC’s established cloud/software-as-a-service capabilities.
ISI has more than 450 employees specializing in health care business process outsourcing, software design and integration, professional services solutions, and strong leadership. The company has offices in the U.S., U.K., Germany, China and South Korea.
ISI will enhance CSC’s capability to support existing customers and add a robust set of new clients.
The acquisition will add to CSC’s global reach and growing presence in the Asian market.
ISI’s operations in China, for example, will add 200 BPO and software development employees to CSC’s existing organization there, and ISI’s Korean operations will also add to the contractor’s growth.
ISI, of Whippany, N.J., was founded in 1992 by President and CEO Jinsoo Kim.
Completion of the transaction, which is expected before the end of the year, is subject to ISI shareholder approval and other standard conditions to closing.
CSC, of Falls Church, Va., ranks No. 10 on Washington Technology’s 2010 Top 100 list of the largest federal government contractors.
David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.