Financial services company AMP has signed on business technology and services provider CSC Australia for an additional five years, under a new $220 million contract.
AMP has enjoyed a working relationship with CSC since 1993, and the announcement, made by the two companies today, expands upon the existing managed-services contract.
AMP's existing six-year, $150 million contract with CSC has the IT services provider manage AMP's infrastructure services for mainframe, midrange, network, desktop, service desk and cloud email, as well as information and system security.
The new $220 million deal will include the services provided under the former contract, and will additionally support the integration of systems between AMP and AXA Asia Pacific Holdings, following the two companies' merger, which occurred in March last year. Part of the contract will involve looking for efficiencies through the combination of both systems. According to CSC, it has already begun the integration process.
AMP said that it selected CSC due to its former engagements and previous successes with the company.
"AMP and CSC have a longstanding relationship, and have continued to work successfully together over the years," Lee Barnett, AMP chief information officer, said in a statement. "With a proven track record of service delivery, supporting business change, CSC was the obvious choice to assist AMP, to support our integration program."
In addition to the contract win, CSC also sees the merger as a new opportunity to provide services to AXA.