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Home > Company Index > Computer Software & Services > Information Technology Consulting Services & Maintenance > Covansys Corporation

Covansys Corporation
Nasdaq: CVNS
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 PROFILE
Covansys wants its customers to use their computer systems to best advantage. Formerly Complete Business Solutions, the company provides a variety of information technology (IT) services -- including software development, packaged software implementation, contract programming, and IT strategy -- to mainly midsized clients in the financial services, health care, manufacturing, retail, and utility industries. Covansys also designs custom applications for vertical industries such as education and the public sector. Clients include Ford, Johnson Controls, Lands' End, and Sprint. Founder and co-chairman Rajendra Vattikuti owns almost a quarter of the company, as does investment firm Clayton, Dubilier & Rice.

 COMPETITION
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 DEALS
Deal: WebTone Raises $7 Million
Date Announced: 05.24.00
Value of transaction (US $Mil): 7
Description: Customer-relationship management software firm raises funding from venture-capital firms and S1 Corp.

 STOCK ANALYSIS
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FURTHER ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 419.60
1-Yr. Sales Growth: (9.2)%
Employees: 5,157
Revenue per employee: $81,365.13

 KEY PEOPLE
• Michael W. Bealmear
    CEO
• Timothy S. Manney
    CFO

 CONTACT INFO
32605 W. Twelve Mile Rd., Ste. 250
Farmington Hills, MI 48334
US
Phone: 248-488-2088
Fax: 248-488-2089
Online: Web Site

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