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Computer Sciences acquires part of TRW

The services company says it has bought a small piece of TRW to boost its financial division, which provides outsourcing services to blue-chip companies.

Kim Girard
Kim Girard has written about business and technology for more than a decade, as an editor at CNET News.com, senior writer at Business 2.0 magazine and online writer at Red Herring. As a freelancer, she's written for publications including Fast Company, CIO and Berkeley's Haas School of Business. She also assisted Business Week's Peter Burrows with his 2003 book Backfire, which covered the travails of controversial Hewlett-Packard CEO Carly Fiorina. An avid cook, she's blogged about the joy of cheap wine and thinks about food most days in ways some find obsessive.
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Kim Girard
Computer Sciences today said it has bought a small piece of TRW to boost its financial services division, which provides outsourcing services to blue-chip companies.

The company said it has acquired TRW Data Services (TDS), which has 200 employees and $35 million in annual sales. TDS is headquartered in Oakland, California, and Nieuwegein, The Netherlands. The TDS unit provides software that helps companies process high volumes of payments.

Terms of the deal were not disclosed.

TDS will be folded into CSC's Financial Services Group, which has clients including Alliance Data Systems, Chase Manhattan Bank, Citibank, and JC Penney. CSC will also be able to tap TRW technology, including TDS's latest image system, which is intended to reduce data entry labor and improve the accuracy of payment information for customers.