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January 11, 2007

New Business

Genpact, a global provider of business and technology services, has signed a five-year contract to provide certain finance and accounting activities for Kimberly-Clark Corporation. Outsourcing of these services to Genpact is part of Kimberly-Clark’s global competitive improvement initiatives, which were announced in July 2005. Terms of the contract were not disclosed.

Rockwell Collins has awarded HP a seven-year, $175 million global services contract to provide industry-standard solutions for IT infrastructure management, including help desk, desk-side support and server management.

Ness Technologies, has been awarded a multi-year offshore development contract by InfoVista, a leading provider of service-centric performance management software. Under the terms of the contract, Ness Technologies will establish an R&D center for InfoVista at Ness Technologies' offshore facility in Bangalore, India.

John Hancock Financial Services, a division of Manulife Financial, has extended its applications outsourcing contract with CSC for two more years, through May 2011. The newly negotiated contract provisions have an estimated total contract value exceeding $50 million and cover services to be delivered during the next four years.

Affiliated Computer Services, Inc. has been awarded an expansion to its multi-million dollar contract with Symetra Financial, a leading life insurance and financial services company. The expanded agreement will add desk-side support services to ACS' existing five-year contract, which commenced in 2004.

ACS has also been awarded a new five-year, $87.3 million contract by the Florida Healthy Kids Corporation (FHKC) to administer the State's Child Health Insurance Program (CHIP). The contract may be extended for up to five additional years at FHKC's option.

Volvo Car Corporation has extended its existing outsourcing contract with WM-data, a LogicaCMG company. The duration and financial terms of the deals were not disclosed. Volvo Car has been outsourcing its operations and support services to WM-data since 2002. WM-data is responsible for developing, implementing and supporting Volvo Cars’ global client and server platform for about 17,000 clients in Sweden and national sales companies across the rest of Europe.


Posted by jbowles at January 11, 2007 08:08 PM