EU Clears US Computer Sciences Corp To Buy Australia's iSOFT
21 Juni 2011 - 9:53AM
Dow Jones News
The European Commission said Tuesday it has cleared U.S.
technology company Computer Sciences Corp. (CSC) to buy Australian
healthcare software supplier iSOFT Group Ltd. (ISF.AU), as the
combination would not undermine competition.
"The Commission concluded that the integration of CSC and iSOFT
would not significantly reduce competing IT service providers'
access to healthcare software in particular in the U.K., where the
merging parties' market shares are the highest," said the
commission, which has antitrust powers within the European Union,
in a statement.
"iSOFT's competitors would also retain a sufficient customer
base," it added.
-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88;
alessandro.torello@dowjones.com
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