CSC secures $300 million AMP contract win

Peter Dinham
Tuesday, 02 June 2009 08:07

IT Industry - Deals

IT services and outsourcing group, CSC, has secured a major outsourcing contract extension with Australian insurance and wealth management company, AMP, in a deal valued at around $300 million over the duration of the six-year agreement.

In an extension of an agreement which commenced in 1993, CSC and AMP have signed the new, six-year contract, with CSC to continue to provide fully outsourced managed infrastructure services for mainframe, midrange, network, desktop and service desk, as well as information and system security.

According to the joint announcement by CSC and AMP, the new contract is valued at $150 million, but allows for the provision of additional projects, work orders and other non-infrastructure services, with AMP expecting to award CSC a total of approximately $300 million over the six-years.

CSC Australian president, Nick Wilkinson, says the signing of the contract extension makes the partnership with AMP “one of the longest running strategic information technology (IT) outsourcing relationships in Australia.”

“Our long-standing relationship has set a benchmark not only for CSC but the outsourcing industry in Australia as a whole. Introducing solutions that achieve economic efficiencies is imperative in the current climate, and CSC has continued to deliver the results AMP needs to excel in such a competitive industry. Through our collaborative and trusted approach, we were able to offer a proposal that addressed AMP’s requirements while providing flexibility to address future objectives.”

According to AMP CIO, Lee Barnett, CSC and AMP have worked successfully together over the past 16 years, “delivering programs that strengthen AMP’s operating platform and improve business efficiencies,” and, he says, “extending this contract enables CSC to provide AMP with services that further leverage operational efficiencies year on year.”