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DXC Technology Expands Data Center Infrastructure Services in North America Through Co-Location Services Agreement with Credit Suisse (USA), Inc.

May 13, 2019

TYSONS, Va.--(BUSINESS WIRE)--May 13, 2019--DXC Technology (NYSE: DXC), the world’s leading independent, end-to-end IT services company, has expanded its presence in data center co-location services by signing a long-term 13-plus year managed co-location services agreement with Credit Suisse (USA), Inc. Concurrently, DXC, through its data center co-location services subsidiary, will acquire a New Jersey data center from Credit Suisse.

The transaction expands the market presence of DXC to serve its enterprise clients needing mission critical infrastructure solutions with proximity to the New York metropolitan market, a major hub of operations for global financial institutions and other businesses.

“Enterprises are looking to capitalize on their infrastructure assets while participating in the digital technology trends and opportunities that help drive better business outcomes,” said H. C. Charles Diao, senior vice president of Finance and Corporate Development, DXC. “This partnership with Credit Suisse demonstrates DXC’s position as a leading global data center co-location and managed services provider, aligns with our strategic growth objectives, and strengthens DXC’s ability to help accelerate innovation for our clients.”

DXC Technology serves nearly 800 enterprise and government clients with managed data center services, business recovery services, and co-location services across 43 owned and leased sites globally, in addition to over 250 managed co-lo locations.

“This initiative supports clients who are transitioning to the cloud and employing new digital migration strategies for their changing infrastructure needs,” said Samson David, senior vice president, Global Deliver, DXC. “It also leverages DXC’s strength in migrating client workloads and meeting the co-location requirements of enterprise and government clients, thereby creating operating efficiencies and helping clients avoid capital expenditures.”

Credit Suisse (USA) Inc. is a US subsidiary of Credit Suisse AG. Credit Suisse AG is one of the world’s leading financial services providers. Its strategy builds on its core strengths; its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in its home market of Switzerland.

“We chose DXC as our partner in this transaction due to its ability to customize a financial and outsourcing solution that best meets our needs and our long-term infrastructure requirements,” said Andrew Federbusch, managing director and global head of Real Estate Workplace, Credit Suisse (USA), Inc. “This partnership supports our strategy of enhancing efficiency, generating productivity improvements, and allowing greater operational and strategic flexibility in our future IT infrastructure needs.”

About Credit Suisse

Credit Suisse AG is one of the world’s leading financial services providers and is part of the Credit Suisse group of companies (referred to here as ‘Credit Suisse’). Our strategy builds on Credit Suisse’s core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 46,200 people. The registered shares (CSGN) of Credit Suisse AG’s parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

About DXC Technology

As the world’s leading independent, end-to-end IT services company, DXC Technology (NYSE: DXC) leads digital transformations for clients by modernizing and integrating their mainstream IT, and by deploying digital solutions at scale to produce better business outcomes. The company’s technology independence, global talent, and extensive partner network enable 6,000 private and public-sector clients in 70 countries to thrive on change. DXC is a recognized leader in corporate responsibility. For more information, visit  dxc.technology and explore THRIVE, DXC’s digital destination for changemakers and innovators.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190513005082/en/

CONTACT: DXC Contact:

Richard Adamonis, Corporate Media Relations

+1-862-228-3481,radamonis@dxc.comJonathan Ford, Investor Relations

+1-703-245-9700,jonathan.ford@dxc.comCredit Suisse Contact:

Karina Byrne, Head of Corporate Communications – Americas

+1 212-538-8361,karina.byrne@credit-suisse.com

KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY VIRGINIA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT NETWORKS SOFTWARE SECURITY

SOURCE: DXC Technology

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PUB: 05/13/2019 08:30 AM/DISC: 05/13/2019 08:30 AM

http://www.businesswire.com/news/home/20190513005082/en