CHANTILLY, Va., Oct. 28, 2020 /PRNewswire/ -- Perspecta Inc.
(NYSE: PRSP), a leading U.S. government services provider,
announced today that it has been awarded the California State
Teachers' Retirement System (CalSTRS) data center hosting and
migration services contract. The program, which represents new work
for the company, has a three-year base contract value of
$17 million and two three-year option
periods for a total contract value of $42.5
million.
CalSTRS provides retirement, disability and survivor benefits to
more than 964,000 California
public school educators and their beneficiaries. Established in
1913, CalSTRS is the largest educator-only pension fund in the
world with approximately $257.9
billion in assets under management as of September 30, 2020.
In its role on the program, Perspecta will use Agile teams to
migrate specific CalSTRS critical financial and benefits
applications to a cloud platform. After migration of the
applications, Perspecta will maintain the hosted solution
delivering cloud operations, security, disaster recovery, IT
service management and program management services.
"This award is a true testament to our strong capabilities and
proven performance throughout our long-standing relationship with
the State of California," said
Rocky Thurston, senior vice
president and general manager of Perspecta's civilian, state and
local business group. "As a leader in cloud services and digital
transformation, we look forward to getting to work with the CalSTRS
team. By implementing this program in an Agile environment, we will
ensure that the system fully supports the needs of the state and
retirees throughout migration and implementation, while building a
long-standing partnership for years to come."
About Perspecta Inc.
At Perspecta (NYSE: PRSP), we question, we seek and we solve.
Perspecta brings a diverse set of capabilities to our U.S.
government customers in defense, intelligence, civilian, health
care and state and local markets. Our 280+ issued, licensed and
pending patents are more than just pieces of paper, they tell the
story of our innovation. With offerings in mission services,
digital transformation and enterprise operations, our team of
nearly 14,000 engineers, analysts, investigators and architects
work tirelessly to not only execute the mission, but build and
support the backbone that enables it. Perspecta was formed to take
on big challenges. We are an engine for growth and success and we
enable our customers to build a better nation. For more
information about Perspecta, visit perspecta.com.
This press release may contain forward-looking statements.
These forward-looking statements are made on the basis of the
current beliefs, expectations and assumptions of the management of
Perspecta and are subject to significant risks and uncertainty.
Readers are cautioned not to place undue reliance on any such
forward-looking statements. All such forward-looking statements
speak only as of the date they are made, and Perspecta undertakes
no obligation to update or revise these statements, whether as a
result of new information, future events or otherwise. Although
Perspecta believes that the expectations reflected in these
forward-looking statements are reasonable, these statements involve
a variety of risks and uncertainties that may cause actual results
to differ materially from what may be expressed or implied in these
forward-looking statements.
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SOURCE Perspecta Inc.