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Perspective: Old Mutual South Africa Signs ZAR 2.5 Billion Outsourcing Deal with Dimension Data Price: US $1,600

Author: Maria Hamman

Perspective
August, 2011  -  Doc # CEMA17389
 Number of Pages: 4

Overview

Old Mutual South Africa (OMSA) recently signed its largest IT outsourcing deal, worth ZAR 2.49 billion ($355.70 million), with Dimension Data and partners Telkom and Nashua Communications.

The agreement takes effect from August 1, 2011, and covers OMSA's operations, as well as those of its majority-owned units Nedbank and the short-term insurer Mutual & Federal. Dimension Data is replacing Computer Sciences Corporation (CSC), which had held a contract to manage and operate networking services for Old Mutual since 2005.


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Subscriptions Covered:

IDC Financial Insights: Middle East and Africa Banking IT Strategies

Companies Covered:

Computer Sciences Corporation, Siemens AG, Nashua Corporation, IBM, COMMERCIAL BANK OF ETHIOPIA, Old Mutual South Africa Trust PLC, Telkom SA Limited, Nedbank, Mutual and Federal Insurance Company Limited

Regions Covered:

Middle East and Africa, South Africa

Vertical Markets:

Banking

 
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