London Stock Exchange extends Accenture outsourcing deal
02 August 2001 | 2821 views | 0
The London Stock Exchange has agreed a five-year extension of its IT outsourcing contract with Accenture.
The LSE says the revised agreement strengthens the incentives on Accenture to maintain 100% availability of market facing systems. It also incorporates flexible notice provisions exercisable by the Exchange.
The LSE says the deal - under which Accenture is the main facilities manager for the Exchange's trading and information systems - continues to "provide flexibility for the Exchange in developing its markets and products in accordance with its stated business strategy".
The net annual payment to Accenture under the terms of the agreement for the year ended 31st March 2001 was £13.9 million.