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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.

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.