“LV= appoints Atos Origin as part of IT restructure”
London, 17 January 2008
Fast-growing investment and insurance group LV= today announced the appointment of international IT services company Atos Origin to manage the group's mainframe and midrange infrastructure with effect from the end of March 2008.
The move comes as part of a wider review of the group's IT capabilities that will bring overall control and governance of IT services back in-house and see the appointment of strategic third party suppliers to deliver ‘build and operate' services.
LV= is upgrading and restructuring its IT services to support the growth and wider transformation of its business through new products, customer channels and acquisitions such as the launch of its newly acquired flexible retirement solutions business, announced earlier this month.
Atos Origin will support legacy systems for LV= Life and General Insurance business, taking over management of their mainframe and midrange infrastructure, as well as the support and development of a number of key business applications. This will enable LV= to focus on its IT transformation programme and development of a suite of strategic support systems.
Richard Rowney, LV= Group Chief Operating Officer commented:
“LV= is undergoing an exciting transformation and we are changing our IT capabilities to support and take this forward. We are pleased to announce this strategic partnership with Atos Origin and are confident it will provide the certainty, support and savings we need in the next stage of our corporate development.”
Jonathan Barber, LV= Group IT Director added:
“We are establishing a new ‘Design, Build, Operate and Govern' IT capability with core in-house teams focusing on design and governance whilst sourcing IT build and operate services from ‘best of breed' internal and external suppliers as best meets the needs of the business.”
Joe Edwards, Vice President, Financial Services for Atos Origin said:
“We will work with LV= to provide support through a period of considerable change that will enable them to grow and strengthen their business. The deal with LV= is significant and part of our strategic plan to further develop our core offerings in the Life and Pensions Market.”
For further information please contact:
Ed Forbes, Media Relations Manager, 01202 503485
Richard Winder, 020 7294 3641
Caroline Crouch, 020 7830 4233
Notes to editors
LV= is a trademark of Liverpool Victoria Friendly Society Limited (LVFS) and a trading style of the Liverpool Victoria group of companies. The new LV= brand identity was launched in March 2007.
LV= employs over 2,000 people, serves more than 2.5 million customers and members, and manages more than £8 billion on their behalf. We are also the UK's largest friendly society and a leading mutual financial services provider.
LVFS is authorised and regulated by the Financial Services Authority and entered on the Financial Services Authority Register No. 110035. LVFS is a member of the ABI, AMI, AFS and ILAG. Registered address: County Gates, Bournemouth BH1 2NF.
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.