FI Group PLC
12 March 2001
Monday 12 March 2001
F.I.GROUP ANNOUNCES £70M STRATEGIC PARTNERSHIP WITH AXA SUN LIFE
F.I.GROUP (FI), the business technology services company, today announces that
it has signed a five year strategic partnership with AXA Sun Life - providing
a committed order bank of over £70million - to increase the flexibility,
scalability and value in AXA Sun Life's applications management services.
This alliance is an important part of a major change programme designed to
reduce AXA Sun Life's fixed cost base, to improve business responsiveness and
grow revenues. It will include the transfer to FI in April 2001 of over 400
staff based at Bristol, High Wycombe and Coventry.
FI will be responsible for the support and development of all existing life
and pensions administration systems and will play a key role, working with
other strategic partners, in implementing new systems and processes to enhance
customer intimacy, increase speed to market and improve product flexibility
and operational effectiveness.
Jo Connell, FI's Group Managing Director comments:
'We are delighted to announce this strategic partnership which significantly
enhances our offering in the financial services sector. The increasingly
competitive '1% world' of financial services requires flexibility,
responsiveness and cost-effective operations. IT has a crucial role to play in
We welcome everyone from AXA Sun Life who will transfer in April. The
financial services skills they bring are invaluable to this important sector
for FI. We are confident that they will enjoy a rewarding career while reaping
the benefits of opportunities provided by one of the UK's leading technology
Head of Media & Public Relations
Tel: 01442 434088
Tel: 020 7831 3113
Notes to Editors:
F.I.GROUP is a leading supplier of business technology services for major
organisations worldwide. The Group's global operations cover the UK, USA,
Continental Europe, India and Asia Pacific.
F.I.GROUP's portfolio includes First Banking Systems (a joint venture with The
Bank of Scotland), IIS Infotech, its Indian organisation which provides an
offshore delivery capability, and change management and IT consultancy firms
OSI and Druid. These are supported by FI's further capabilities in skills
transfer and resourcing.