04 May 2005
4 May 2005
Xansa extends outsourcing relationship with AXA Sun Life
Contract valued at £27million over five years
Xansa, the outsourcing and technology company, has announced an extension to its
outsourcing partnership with AXA Sun Life. Commencing on 1 April 2006, the
contract is valued at £27million and will be delivered over five years.
Under the new contract, Xansa will continue to support AXA's Life and Pensions
systems, including its business-to-business capabilities, building on the work
delivered in recent years. This has included the successful delivery of AXA's
innovative 'Protection' product along with a major business initiative to enable
AXA to adapt to lower margin life and pension products.
In future, Xansa teams based in the UK and India will support the AXA mainframe
and other business applications covering the full range of business processes
including finance, marketing, human resources and management information
services. Through the partnership, Xansa will support AXA Sun Life to help
deliver products faster to the marketplace.
Commenting on the announcement, Alistair Cox, Chief Executive, Xansa said:
"I am very pleased that we continue to build our relationship with AXA. Real
benefits are being achieved through the expertise of the Xansa teams in the UK
and India working in close partnership with AXA UK IT, and we fully expect this
to continue into the future".
Steve Stratton Giles Sanderson, James Melville-Ross
Investor Relations Director, Xansa Financial Dynamics
Tel : + 44 (0)8702 416181 Tel : + 44 (0)20 7831 3113
Email : email@example.com
Xansa is the outsourcing and technology company. Committed to delivering
guaranteed business outcomes through a combination of technology and process
expertise, Xansa gives its clients the freedom to do more with their business.
Strong relationships, commercial innovation and an integrated Indian delivery
capability ensure that Xansa drives real and long-term cost reductions,
performance improvements and new ways of working tailored to each client. The
services Xansa provide are Business and Technology Consulting, IT
Implementation, IT Outsourcing and Business Process Outsourcing. Based in
Reading, Berkshire, Xansa is listed on the London Stock Exchange (LSE:XAN) and
has over 6400 people in the UK and India.
AXA is a world leader in financial protection. AXA's operations are diverse with
major operations in Western Europe, North America and the Asia/Pacific area. AXA
employs 120,000 staff and tied agents and, as of 31 December 2004, had €869
billion in assets under management. Reported total revenues for 2004 were
approximately €72 billion. The above information relates to AXA as a whole. The
provider of pension products is AXA Sun Life plc, a company within the AXA
Group. AXA Sun Life plc has no automatic right of access to the assets of other
companies within the AXA Group. Our previous company performance is not a guide
to how we may perform in the future.
AXA ordinary shares are listed on the Paris Stock Exchange; AXA American
Depositary Shares (ADSs) are listed on the NYSE under the ticker symbol AXA.
This information is provided by RNS
The company news service from the London Stock Exchange