CSC scores $300 million AMP contract

CSC scores $300 million AMP contract

Six-year deal extends a 16-year relationship with CSC to provide managed services to the wealth management provider


CSC has picked up a six-year $300 million managed infrastructure services contract with wealth management provider, AMP (ASX: AMP).

The deal extends an arrangement between the two companies that started in 1993 and involves the provision of mainframe, mid-range, desktop, service desk, network and security services.

The initial value of the deal is $150 million, however CSC expects to pick up double that amount through additional projects and work orders over the duration of the contract.

In a statement, AMP chief information officer, Lee Barnett, said the 16-year arrangement had strengthened the wealth management provider’s position.

“Extending this contract enables CSC to provide AMP with services that further leverage operational efficiencies year-on-year,” Barnett said.

CSC Australia president, Nick Wilkinson, said the deal highlighted the need to provide solutions that achieve economic efficiencies.

“Through our collaborative and trusted approach, we were able to offer a proposal that addressed AMP’s requirements while providing flexibility to address future objectives,” Wilkinson said in the statement.

In May, CSC also scored two IT integration contracts with the Western Australia Police.

The first contract, worth $15 million, will see the integrator provide SAP application upgrade and maintenance support services for the WA Police business operations resource management information system.

In the second contract, worth $120 million, CSC will compete with fellow services provider, Ajilon, to provide infrastructure, applications development, systems integration and consultancy services.

The integrator also named Bob Hayward as its new Australasia chief technology and innovation officer in mid-May and confirmed it would cut local headcount as part of a global restructuring at the end of April.

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