Take 5, April 29, 2011

The five most important pieces of information on outsourcing that I have found this week in my travels through the web.

• IBM announced first-quarter 2011 earnings:   Total revenues for the first quarter of 2011 of $24.6 billion increased 8 percent from the first quarter of 2010. IBM will hit $100 billion this year, is their any doubt about who is the biggest kid on the block!
• More IBM Business:  and The Hartford Financial Services Group, Inc. announced a new five-year technology services agreement to help The Hartford simplify and transform its technology infrastructure. The partnership is part of The Hartford’s companywide effort to become a more cost-efficient and customer-focused organization.
  • CSC continues to grow: CSC has signed a seven-year information technology (IT) outsourcing contract renewal with Tryg, the second-largest insurance company in the Nordic region. The new agreement expands the scope of the existing contract to include new services and extends to include Tryg’s most recent acquisitions in Finland and Sweden with Moderna. This extension, which was awarded during CSC’s fiscal 2011 fourth quarter, adds $348 million to the previously announced contract, which now runs through December 2017, if all options are exercised.
  • Unisys stays strong: Unisys Corporation announced that its New Zealand subsidiary has received an extension of its contract to provide Foodstuffs (Wellington) Cooperative Society Limited, New Zealand’s biggest grocery distributor, with IT services for store point-of-sale (POS) and related systems.