CSC Signs $192 Million ITO Contract Renewal with TrygVesta

Nordic region general insurer TrygVesta has signed a five-year, $192 million IT outsourcing contract to renew its relationship with CSC.

Building on a previous agreement dating to 2003, the contract will extend the geographic reach of the relationship, wherein CSC provides IT infrastructure services, including help desk, mainframe, midrange, network, Web hosting and print and distributed computing, according to a CSC source. The services will support 3,900 users in Denmark, Norway Sweden and Finland.

Copenhagen-based TrygVesta is the second largest general insurer in the Nordic region and has enjoyed recent growth in Finland and Sweden, having expanded its activities in the former beginning in 2002, and the latter in 2006.

"We are pleased to extend and expand our existing relationship with CSC in signing this new agreement to support our insurance activities across the Nordic countries," says Peter Falkenham, chief operating officer of TrygVesta. "It is important to TrygVesta's future business development that we get a world-class level of IT support with geographical breath and depth that matches our goals."

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio