California-based Computer Sciences Corporation (CSC) has won a seven year IT outsourcing contract, valued at US$240 million, for asset management company Schroders' UK operations.
Under the terms of the agreement, CSC will manage infrastructure and application services, including desktop computing, help desk, midrange and voice services, and certain applications development and support for the company's UK operations.
More than 200 Schroders employees involved in the delivery of IT services will transfer to CSC.
It is expected the agreement will be expanded beyond the UK in the future.