Covansys Corporation Explained

Covansys
Foundation:1985
Key People:Raj Vattikuti, Founder and CEO
Industry:Information Technology Services and Consulting
Defunct:2007
Num Employees:8,200, including 6,000 in India (2007)

Covansys Corporation was a global consulting and technology services company, specializing in outsourcing of personnel and services, headquartered in Farmington Hills, Michigan. The company specialized in industry-specific solutions, strategic outsourcing and integration services. Raj Vattikuti founded Covansys in 1985, originally named Complete Business Solutions, Inc., with five employees.[1]

In 2007, Computer Sciences Corporation (now DXC Technology) acquired Covansys for $34.00 per share in cash, or approximately $1.3 billion.[2] [3]

See also

Notes and References

  1. Covansys Names Company Founder and Co-Chairman Raj Vattikuti as President & CEO . . August 27, 2004.
  2. CSC Completes Acquisition of Covansys . . July 2, 2007.
  3. News: CSC to acquire Covansys . . April 27, 2007.