“Atos Origin to support Capita Life & Pensions clients with infrastructure services”
London, 13 November 2007
New contracts, worth more than £20 million, signed under a framework agreement Atos Origin, an international IT services company, and Capita Life & Pensions Services, a wholly owned subsidiary of The Capita Group Plc, today announced that they have signed a ten-year framework agreement for Atos Origin to support three major IT agreements and provide similar future IT services for Capita's Business Process Outsourcing in the life and pensions market. These three initial contracts are worth more than £20 million over five years to Atos Origin.
Under the agreement, Atos Origin will primarily deliver outsourced infrastructure hosting services. These will improve operational efficiency, performance and value for money for Capita Life & Pensions Services' key clients. The contracts under the framework agreement support two existing joint clients – Resolution Plc, the largest specialist manager of in-force UK life funds with an estimated 7 million policyholders, and Lincoln Financial Group. The contract for Lincoln extends Atos Origin's existing mainframe hosting services agreement by three years to 2012.
“Capita Life & Pensions Services is delighted to engage in this framework agreement with Atos Origin”, said Craig Rodgerson, IT Director at Capita Life & Pensions Services. “Combining the benefits of Atos Origin's IT hosting solutions with our life and pensions outsourcing will enable us both to continue delivering benefits to our current and future clients.”
“In today's business world, it is imperative to collaborate with other organisations in order to create competitive advantage and enable greater business agility”, said Joe Edwards, head of Financial Services in the UK, Atos Origin. “For us, the partnership with Capita Life & Pensions Services is an important and vital part of our strategy to further grow our business in the life and pensions market.”
About Atos Origin
Atos Origin is an international information technology services company. Its business is turning client vision into results through the application of consulting, systems integration and managed operations. The company's annual revenues are EUR 5,4 billion and it employs over 50,000 people in 40 countries. Atos Origin is the Worldwide Information Technology Partner for the Olympic Games and has a client base of international blue-chip companies across all sectors. Atos Origin is quoted on the Paris Eurolist Market and trades as Atos Origin, Atos Euronext Market Solutions, Atos Worldline and Atos Consulting.
Atos Origin is Europe's number one provider of payments, securities and financial services outsourcing, supporting business processes for 9 of the top 10 European banks. It is also a leading provider of technology services to capital markets through its joint venture with Euronext, Atos Euronext Market Solutions. Through its portfolio of specialist solutions for banks, stock exchanges and insurance companies, Atos Origin helps financial services organisations to manage costs; reform core banking and operational support systems; manage enterprise risk and ensure regulatory compliance.
For more information, please contact:
Tel: +44 20 7830 4233
The Capita Group Plc is the UK's leading provider of integrated professional support service solutions. The Group's service capabilities encompass business process outsourcing, (BPO), customer services, administration and support, human resources, ICT, property consultancy, finance & treasury and consultancy delivered to both public sector and private organisations. With 29,800 employees at more than 250 offices across the UK, Channel Islands, Ireland and India, Capita is quoted on the London Stock Exchange (CPI.L), and is a constituent of the FTSE100 with revenues for 2006 of £1,739 million.
Further information on The Capita Group Plc can be found at http://www.capita.co.uk
Capita Life and Pensions provides core administrative support to a number of UK and overseas life and pensions companies, including MetLife, the Children's Mutual, Lincoln Financial Group, Prudential UK and Zurich Financial Services and Resolution. Capita Life & Pensions is currently responsible for administering approx.15 million policies.
For more information, please contact:
Tel: 0207 654 2152/0870 2400 488 (out of hours)