CSC signs US$146 million contract extension with AMP

Stan Beer
Thursday, 29 June 2006 13:56

IT Industry - Deals

IT services and outsourcing supplier Computer Sciences Corporation today announced that it has signed a US$146 million contract extension with Australian insurer AMP Limited (ASX:AMP). The new four-year contract extends the two companies’ original agreement, which started in 1993.

Under the new agreement, CSC will continue to provide desktop, network and mainframe maintenance and support, and selected mid-range services.

“Because the financial services market is so dynamic, we’ve developed an enhanced services model that has at its core a continuous improvement program,” said Mike Shove, managing director and CEO of CSC’s Australian operations. “Innovations like this model help us continue to deliver the results AMP needs to excel in such a competitive industry.”

“AMP and CSC have a mature relationship, which has grown over the years,” said Lee Barnett, AMP Chief Information Officer. “We have fine-tuned our governance so that the relationship works well for both of us. We can adapt to change in incremental ‘step changes’, rather than forcing major change, and this is better for our customers, planners and employees.”