LV appoints Atos Origin as part of IT restructure
SOURCE: Consultant News
DATE: January 23rd, 2008
ARTICLE
Investment and insurance group LV has selected Atos Origin to manage its mainframe and midrange infrastructure with effect from the end of March 2008.
The move comes as part of a wider review of the group’s IT capabilities that will bring overall control and governance of IT services back in-house and see the appointment of strategic third party suppliers to deliver “build and operate” services.
LV is upgrading and restructuring its IT services to support the growth and wider transformation of its business through new products, customer channels and acquisitions such as the launch of its newly acquired flexible retirement solutions business, announced earlier this month. Atos Origin will support legacy systems for LV Life and General Insurance business, taking over management of their mainframe and midrange infrastructure, as well as the support and development of a number of key business applications.
This will enable LV to focus on its IT transformation programme and development of a suite of strategic support systems while realising considerable operational savings in relation to legacy systems. Joe Edwards, Vice President, Financial Services for Atos Origin said: “We will work with LV to provide support through a period of considerable change that will enable them to grow and strengthen their business.
The deal with LV is significant and part of our strategic plan to further develop our core offerings in the Life and Pensions Market.” LV employs more than 2,000 people, serves more than 2.5 million customers and members, and manages more than £8 billion on their behalf. LV is the UK’s largest friendly society and a leading mutual financial services provider.
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