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August 01, 2007

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WEYERHAEUSER TAPS HP FOR GLOBAL SERVICE CONTRACT...HP has signed a seven-year global IT services contract to run, manage and support the distributed IT environment of Weyerhaeuser Company, an international forest products company. Under the contract, HP will provide Weyerhaeuser a single point of contact for client and server management, software and storage management, business continuity and availability and disaster recovery solutions, as well as mission-critical technical support and lifecycle management services. HP will also provide End-User Workplace Solutions such as its Global Service Desk services and desktop, mobile and messaging solutions.

CSC NAMES PRESIDENT, AMERICAS OUTSOURCING...As part of the company’s comprehensive new growth strategy, called Project Accelerate, Computer Sciences Corporation announced that it is realigning company resources to strengthen its outsourcing business. Joe Doherty, 47, previously vice president, aerospace and defense industry within CSC’s Technology Management Group, has been named President, Americas Outsourcing. He will be responsible for execution of the company’s outsourcing strategy in the Americas, including growth in target market segments, as well as the integration of account management and service delivery organizations across the region.

ADP REPORTS STRONG YEAR...Automatic Data Processing, Inc. reported 14% revenue growth to $7.8 billion for the fiscal year ended June 30, 2007, Gary C. Butler, president and chief executive officer, announced today. Pretax and net earnings from continuing operations grew 19% and 21%, respectively. Diluted earnings per share from continuing operations of $1.83 increased 26%, from $1.45 per share a year ago on fewer shares outstanding, including the fiscal 2007 first quarter net one-time gain primarily from the sale of a Dealer Services’ non-core minority investment. Excluding the net one-time gain, diluted earnings per share from continuing operations were $1.80, an increase of 24% over last year.

BISYS SHAREHOLDERS APPROVE CITI MERGER...BISYS announced that its shareholders voted at a special meeting of shareholders to approve the previously announced merger providing for the acquisition of BISYS by a subsidiary of Citibank N.A. Over 99% of the shareholders present or represented at the special meeting voted for the adoption of the merger agreement. The votes cast represented the affirmative vote of holders of approximately 69% of the issued and outstanding shares of common stock of BISYS.

OPI NAMES MD...Outsource Partners International, Inc. announced the promotion of Bryan MacQuarrie to Managing Director. MacQuarrie, who has been at OPI since its inception in 2002, has served as the architect and manager of a number of outsourcing transitions for OPI clients. In this new role as Managing Director, MacQuarrie will also take on primary client management responsibilities.

Posted by jbowles at August 1, 2007 05:39 PM