CSC DealRoom

Corporation Service Company® (CSC), has released the CSC DealRoom. The CSC DealRoom enables clients to receive documents from CSC electronically into a customizable deal workspace, so they can collaborate with outside counsel, and manage, organize and close deals more efficiently.

The introduction of CSC's DealRoom follows the company's successful implementation of comprehensive matter management and electronic billing systems that provide collaboration tools and automatic integration of electronic service of process delivery.

The CSC DealRoom, available exclusively from CSC, delivers electronic images of client documents directly into a virtual deal workspace helping clients to manage and organize every phase of a deal from marketing to due diligence to closing. It is a highly secure environment set-up to manage critical data, tasks, and deal documents, and enables collaboration with associated parties using role-based access. Each CSC DealRoom has fully customized workflows, checklists, task assignments with alerts, along with comprehensive reporting and audit tools. The result is a streamlined and collaborative platform designed to help mitigate risk and reduce cost for clients throughout the deal process.

"CSC DealRoom is a logical extension of the corporate and legal services we perform for our clients," said Bruce R. Winn, President and Chief Executive Officer of CSC. "This expansion further demonstrates the winning combination of innovative technology and superior service that are the hallmark of CSC, and reflects our strategy to invest in services that address our clients' most critical business requirements over the long term."

The new CSC DealRoom ascribes to the emerging technology approach referred to as software as a service (SaaS) which delivers solutions via a network, most often the Web, which shifts the burden of getting and keeping an enterprise application up and running from the client to the vendor. This approach translates to several advantages for clients: faster implementation, easier access to current technology, and lower costs due to little to no need for IT involvement, expense, or resources.

Corporation Service Company

Corporation Service Company serves as a leading provider of legal and financial services for the world's largest companies, law firms, and financial institutions. Founded in 1899, CSC, a service company, remains dedicated to helping mitigate risk and reducing costs for our clients; while providing matter and deal management; corporate identity protection; corporate governance and compliance; and transactional support services. Our systems are fully integrated with our monitoring, workflow, compliance and reporting solutions. To learn more about CSC, and take advantage of our unique brand of service, visit www.cscglobal.com.

CSC Offers Flexcube as Managed Hosting

CSC (NYSE:CSC) today announced that it is offering banks Oracle FLEXCUBE on a managed hosting basis. This new offering leverages Oracle's financial services software assets and CSC's managed hosting operational capabilities to provide mid-tier banks, initially in North America, with economical access to a modern and comprehensive, core banking solution with both retail and commercial banking functionality.

The hosted deployment model offers a total cost of ownership advantage without the costs associated with a traditional in-house implementation. The new offering also provides an opportunity for banks to replace legacy core banking systems that are expensive and inflexible with a secure hosted solution managed by CSC. FLEXCUBE, installed at banks in more than 120 countries since 1999, is a complete software suite for retail, consumer, corporate, investment, private and direct banking, asset management and investor servicing.

"More banks in the mid-tier are viewing hosted, platform-agnostic solutions as an attractive alternative for managing costs and improving efficiencies," said Tom Brogan, research director of Retail Banking for TowerGroup. "The challenge is developing solution alternatives that contribute to a bank's growth by providing functionality, efficiency enhancements and reliability at a predictable cost."

"CSC is one of the few leading information technology providers to focus specifically on managed hosting services as a core line of business," said R. Ravisankar, vice chairman, Oracle Financial Services Software Limited, and group vice president, Oracle FSGBU. "Banks demand secure, highly available environments with 100 percent reliability, and we are pleased to tap CSC's proven hosting capabilities to offer banks a new delivery option for FLEXCUBE."

This initiative between CSC and Oracle extends an alliance formed in 1992 aimed at driving innovation and delivering quality technology and client service by offering solutions in key industry segments. It is the companies' second collaboration focused on delivering a packaged banking industry solution.

"CSC has joined forces with Oracle again to empower banks by offering them a best-in-class core processing platform on a hosted basis," said Jim Cook, president of CSC's Financial Services Sector. "Together, we are providing an affordable, leading-edge alternative for mid-tier banks, enabling them to better compete in a crowded global marketplace."
CSC offers comprehensive management and hosting of leading packaged applications from state-of-the-art data centers equipped with the latest hardware, software, network, security, monitoring and disaster-recovery technology and services. For more than 30 years, CSC has been providing financial services-specific hosting and business process outsourcing services across the entire lending life cycle. CSC is one of the largest independent consumer finance servicers, administering more than seven million loans and related contracts.