M&C Represents JBA International on $150 Million Worldwide Sourcing Transaction
October 1, 2004
On September 30, 2004, JBA International (www.jbai.com) inked a deal to provide offshore and onshore IT consulting services to Computer Sciences Corporation (NYSE: CSC) (www.csc.com). The multi-year agreement, if fully optioned, is valued at $150 million. Under the agreement, JBA International will deliver IT expertise to CSC's worldwide insurance and banking clients. Offshore consulting resources will be sourced from JBA International's wholly owned subsidiary, JBA Infotech, Pvt. Ltd., headquartered in Bangalore, India. Onshore consulting resources will be coordinated out of JBA International's North American headquarters in Pasadena, California.
The transaction was made more complex by JBA International's contemporaneous closing of a deal that saw it acquire long-time competitor Quest Sourcing, Inc., for an undisclosed sum. The Quest Sourcing acquisition was carefully structured and timed to further strengthen JBA International's worldwide delivery capabilities.