EDB - Breakthrough for new service delivery model in Sweden
(Thomson Reuters ONE) -
(Oslo, 27 April 2010) EDB Business Partner has signed a final agreement with
FOREX Bank for the delivery of banking software solutions as a service, together
with operating services for the solutions, for a period of five years. The
agreement represents total contract value in the order of SEK 200 million.
"This agreement with FOREX Bank demonstrates that EDB also offers a competitive
service delivery model for the banking and finance sector in Sweden. This is an
important area of focus for EDB, and we are experiencing strong demand for
standardised solutions that are cost-effective while at the same time offering a
high degree of renewal and rapid time-to-market", comments Executive Vice
President Wiljar Nesse at EDB.
"Our collaboration with EDB ensures that we have access to competitive
solutions, reliable operating services and rapid access to new solutions. This
means that we can focus more on our core activities", comments Magnus Cavalli
Björkman, Managing Director of FOREX Bank.
About the contract with FOREX Bank
EDB announced on 25 August 2009 that it had entered into a preliminary agreement
with FOREX Bank. The parties have now signed the final agreement, which runs for
five years and represents estimated total contract value of almost SEK 200
million. The contract provides for EDB and FOREX Bank to implement a
transformation process involving the takeover of FOREX Bank's IT services. EDB
will then provide a complete portfolio of software solutions, including
operating services, as a service delivery for FOREX Bank ('software as a
service'). This is a standardised service delivery concept that EDB will also
offer to other banking customers in Sweden.
Contact persons at EDB:
Wiljar Nesse, Executive Vice President - Bank & Finance, EDB. Tel: +47
934 48 116
Kristian Kuvaas Johansen, Executive Vice President and Chief Financial Officer,
EDB. Tel: + 47 476 03 334
Geir Remman, Executive Vice President, Corporate Communications, EDB. Tel: +
47 970 55 017
About EDB Business Partner ASA
EDB Business Partner is a leading IT services provider in the Nordic region. We
help our customers unlock substantial value from the entire IT services value
chain, spanning solutions, consulting and outsourcing. The company has almost
6,000 employees and reported annual turnover of around NOK 7.5 billion in 2009.
EDB aims to be a close and attentive partner that combines its local expertise
and deep industry knowledge with substantial international delivery capacity.
EDB Business Partner ASA is listed on the Oslo Stock Exchange.
Contact persons at FOREX Bank
Magnus Cavalli-Björkman, Managing Director, FOREX Bank. Tel: +46 8 58760716
Anders Rolf, IT Director, FOREX Bank. Tel: +46 70 5204534
Tom Friberg, Communications Director, FOREX Bank. Tel: +46 8 58760725
About FOREX Bank
FOREX Bank has been a market leader in currency exchange for travellers since
1965. Since mid-2003, the bank has also offered an expanding range of other
banking services such as deposits, lending, payment services and cashier
services, as well as credit and payment cards.
FOREX Bank operates from offices in 125 central locations throughout the Nordic
countries, and also operates over the internet: www.forex.se
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1408437]
Unternehmensinformation / Kurzprofil:
Datum: 27.04.2010 - 07:32 Uhr
Sprache: Deutsch
News-ID 19701
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contact information:
Town:
Oslo
Kategorie:
Business News
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