The information-technology company CSC is leaving professional cycling when its contract with Riis Cycling expires at the end of this year.

A company spokesman said the decision reflects a shift in priorities as CSC makes new investments to implement a long-term growth plan.

"Our involvement in the sport of cycling has been a positive and productive experience," said Henrik Bo Pedersen, the CSC executive responsible for overseeing the sponsorship.

"Our company and employees have enjoyed our relationship with the riders, staff and management of Team CSC. We especially wish to thank each member of Riis Cycling for their dedication and commitment to making professional cycling a healthy and safe sport."

Pedersen added that CSC would help the team secure a new title sponsor.

Team owner Bjarne Riis called his eight-year relationship with CSC " a long and excellent collaboration.”

“CSC has made it possible for us to reach the highest heights in professional cycling and at the same time we have inspired their 91,000 employees and helped them to develop their client relationships in a very unique way. We're very proud of all we've done together in the past and look forward to sharing a lot of great experiences with CSC this season,” said Riis.

Riis added that he was optimistic about the future, “even though cycling has its challenges.”

“We have a team that is a ready to lead the way and an organization that is up for the task at hand,” he said.