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Computer Sciences Corporation to Deliver ASP Services to Cygnifi

EL SEGUNDO, CALIFORNIA--Computer Sciences Corporation (CSC) will provide its eHub application infrastructure support services to Cygnifi, an online derivatives provider recently launched by LabMorgan, the online finance unit of J.P. Morgan.

CSC entered into a three-year agreement with Cygnifi to deliver managed, end-to-end application infrastructure support with leased, on-demand capacity. CSC's eHub services will provide Cygnifi with faster time to market while reducing the risks associated with rapid development and unpredictable demand as it moves applications to full production.

CSC's eHub provides total application lifecycle management for securities industry clients, including application development, staging, stress testing, operations, and monitoring, as well as messaging and transaction routing, advanced security architectures, and integration with special-purpose networks.

"CSC's industry experience, coupled with its superior technical architecture and flexible pricing model, made it a natural choice to support our application hosting needs," said Vlad Torgovnik, Cygnifi's president and chief operating officer.

"CSC's eHub is the technology lifeline for securities firms managing mission-critical applications," said Van Honeycutt, chairman, president, and chief executive officer of CSC. "By delivering highly available, scalable, and secure systems, CSC lifts clients out of the technical infrastructure to focus on the applications and processes at the heart of their business."

Cygnifi is innovating derivatives services by delivering sophisticated products via the Internet. Cygnifi delivers pretrade pricing, independent portfolio valuation, counterparty credit, and collateral risk management services with an ASP delivery model.

LabMorgan is the online finance unit of J.P. Morgan & Co. Incorporated. It identifies, accelerates, and invests in online finance ideas that shape the future of financial services. The unit combines the capabilities of a classic incubator and early-stage merchant bank with the premier brand, financial markets prowess, content, and client reach of J.P. Morgan. LabMorgan provides a high-speed development environment for entrepreneurs with innovative online finance ideas and is a hub of technological innovation within the firm.

El Segundo, California-based Computer Sciences Corporation, one of the world's leading consulting and information technology services firms, helps clients in industry and government achieve strategic and operational objectives through the use of technology. CSC's capabilities span a full range of technology disciplines, including management and IT consulting, systems design and integration, applications software, web and application hosting, and IT and business process outsourcing. Through its alliances, the company develops and manages solutions specifically tailored to each client's needs. With more than 61,000 employees worldwide, CSC had revenues of $9.9 billion for the 12 months ended September 29, 2000. For more information, go to www.csc.com.