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CSC Sells IT Staffing Unit in $74 Million Deal

December 12 2012

Computer Sciences Corp. (NYSE: CSC) struck a deal to sell its Australian information technology staffing unit to Adcorp, a South Africa-based staffing firm. The all-cash transaction’s total is expected to be $73.5 million. CSC’s Australian IT staffing unit operates under the Paxus name. Paxus generated revenue of approximately $340 million in the company’s 2012 fiscal year ended Sept. 28.

All 96 Paxus employees will remain under the deal.

CSC is based in Falls Church, Va.

Adcorp Holdings ranks No. 49 on Staffing Industry Analysts’ list of largest staffing firms in the world.

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