Computer Sciences Corporation (NYSE:CSC) today announced that it has signed a five year, $30 million information technology (IT) outsourcing agreement with Vesta, the third largest insurance company in Norway.
Under the terms of the agreement, CSC will provide mainframe, midrange, desktop, web hosting, print and distributed computing infrastructure services in addition to help desk and network infrastructure services. These services will support approximately 1,400 users at Vesta locations throughout Norway.
Vesta is the Norwegian division of the Tryg Vesta Group, the second largest general insurer in the Nordic countries. The new agreement follows the award of an $80 million IT outsourcing agreement to CSC from Tryg Vesta Group in May 2003.
"We are pleased to expand our existing relationship with CSC in signing this new agreement to support our insurance activities in Norway," said Erik Gjellestad, CEO of Vesta and member of the Tryg Vesta Group Executive Management. "It is important for the Tryg Vesta Group's future business development that we draw on shared resources and together develop technically and financially viable solutions. This will help us operate even more profitably for the benefit of our customers."
"We are pleased to further expand our existing relationship with the Tryg Vesta Group," said George Bell, president of CSC's European Operations. "We look forward to leveraging our expertise in IT outsourcing and in the financial services sector to deliver service improvements and efficiencies to the Tryg Vesta Group."