The addition of OBS expands CSCâs financial services and high technology capabilities in Europe, offering clients a stable workforce with low turnover and competitive hourly rates. Under the terms of the agreement, all OBS employees are expected to transfer to CSC, providing software development and systems integration support to CSC clients in five languages, including English, French, German, Russian and Bulgarian. The majority of OBS employees are located in Sofia, Bulgaria, with the balance in Varna.
âBulgariaâs reputation as a low-cost Eastern European country strategically positioned to serve both Western and Eastern Europe enables OBS to operate as a nearshore delivery center for CSCâs European clients,â said Mary Jo Morris, president of CSCâs World Sourcing Services organization. âThis new Bulgarian center complements our existing European sourcing capabilities in Spain, Lithuania and the Czech Republic, and adds substantial capability in three key industry sectors: insurance, healthcare and high technology.â
The OBS acquisition is part of CSCâs strategy to expand the companyâs global network by opening centers in locations previously untapped by competitors. By targeting these locations, CSC can take advantage of readily available talent and resources to enhance its global capabilities, differentiate offerings from competitors and better address client needs. With more than 60 centers around the world, CSCâs globally integrated workforce gives the company greater flexibility to adapt to changing market dynamics.
âOBS has partnered with CSC for more than ten years in the financial services sector supporting the development and integration of our products and services in Europe,â continued Morris. âThis acquisition will enable CSC to leverage that capability more broadly across our client base. We are pleased to welcome OBS into the CSC family.â