Hydro extends contracts with EDB ErgoGroup
(Thomson Reuters ONE) -
(Oslo, 5 March 2012) Hydro has extended three agreements with EDB ErgoGroup for
the development, management and operation of Hydro's Commodity Trading System
(CTS). The renewed agreements run for three years, with the option to extend for
a further two years. The three agreements represent total contract value of NOK
17 million over three years.
"Hydro is an important customer for EDB ErgoGroup and we appreciate the
confidence the company has shown in EDB ErgoGroup by choosing us as its supplier
for a further three years. We have a long-standing and excellent relationship as
a supplier to Hydro, and I look forward to developing this further during the
life of these agreements", comments Håvard Larsen, Head of the Solutions
business area at EDB ErgoGroup. EDB ErgoGroup is the current supplier for
Hydro's CTS, and the new agreements represent a continuation of this
relationship.
About CTS
CTS is an application developed by EDB ErgoGroup for Hydro that supports trading
of both physical and derivative positions in aluminium. The solution is used to
manage trading transactions, reporting and risk management. The system is the
subject of continuing development to improve existing processes and extend its
functionality. This is reflected in the focus the new agreements place on
development resources from EDB ErgoGroup, with exacting standards for specialist
expertise and in-depth business knowledge.
For further information, please contact:
Håvard Larsen, EVP Solutions, EDB ErgoGroup. Tel: +47 930 81 013
Torgeir Kristiansen, Information Director Corporate Communications, EDB
ErgoGroup. Tel: 901 27 909
About EDB ErgoGroup
EDB ErgoGroup ASA is one of the leading Nordic IT companies, with some 10,000
employees and annual turnover of NOK 12.4 billion. The company is listed on the
Oslo Stock Exchange and operates from headquarters in Oslo with major activities
in both the Norwegian and Swedish markets. In all, the company operates from
135 offices in 16 countries around the world.
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(i) the releases contained herein are protected by copyright and
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: EDB ErgoGroup ASA via Thomson Reuters ONE
[HUG#1591122]
Unternehmensinformation / Kurzprofil:
Datum: 05.03.2012 - 08:00 Uhr
Sprache: Deutsch
News-ID 121379
Anzahl Zeichen: 2793
contact information:
Town:
Oslo
Kategorie:
Business News
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