EL SEGUNDO, Calif., May 29 /PRNewswire-FirstCall/ -- Computer Sciences Corporation (NYSE: CSC) today announced that it has signed a five-year business process outsourcing (BPO) contract with Bermuda-based Northstar Financial Services Ltd. to support Northstar's rapid expansion strategy.

Under the agreement, CSC's life insurance and annuity BPO services team will administer Northstar's new investment products, providing full back-office services and technical support, including end-to-end policy administration, a bilingual English-Spanish customer call center, new business and payment processing, and commission processing for Northstar's investment advisors. CSC's BPO team will use the company's Wealth Management Accelerator software, which CSC developed to provide a single comprehensive administration system for both asset accumulation and disbursement. The team will also use CSC's Performance Plus software to help manage and measure commission processing for Northstar.

"We're confident CSC's experience and flexibility can support our rapid growth plans," said Nik Malvania, Northstar chief executive officer. "With CSC's technology and business process expertise, we can achieve our strategic objectives faster and with less risk."

"By combining our BPO services with our leading-edge wealth-management technology, we can deliver operational results that will help Northstar successfully expand," said Michael W. Risley, president of the Life and Annuity division of CSC's Financial Services Group. "CSC's scalable BPO operations deliver high-quality, cost-effective administration of insurance and investment products."

CSC has been providing life insurance and annuity BPO services for more than 20 years. Currently, the company provides end-to-end administration for approximately 3.8 million life insurance policies and annuity contracts representing nearly $3 billion in annual premium income.

About Northstar Financial Services

Northstar Financial Services (Bermuda) Ltd. is a Bermuda-based insurance company with more than U.S. $1 billion in assets. As a wholly owned subsidiary of Northstar Financial Services Ltd., its senior management team comprises experts in insurance, money management and related industries, and the company currently offers both fixed income and equity investment products to non-U.S. persons that are specifically designed to grow client assets while providing principal protection strategies, regardless of how markets perform.

About CSC

Computer Sciences Corporation is a leading global information technology (IT) services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.

With approximately 77,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $14.7 billion for the 12 months ended Dec. 29, 2006. For more information, visit the company's Web site at http://www.csc.com.

SOURCE Computer Sciences Corporation

CONTACT: Jackie VanErp, Vice President, Marketing, Financial Services Group, +1-512-275-5844, jvanerp@csc.com, or Janet Herin, Manager, Media Relations, Corporate +1-310-615-1693, jherin@csc.com, both of Computer Sciences Corporation