Thursday, 13 March 2014

iGate luggage $35 million deal from Swedish company

IT firm iGate same it's bagged a five-year contract with Lansforsakringar Alliance in Scandinavian country value $35 million.

Lansforsakringar Alliance is one amongst Sweden's largest monetary services establishments with business divisions covering life, non-life and banking markets.

The deal, valued at $35 million, are enacted over associate initial five-year engagement and can be delivered among Lansforsakringar Alliance.

iGate are a strategic application developer and maintenance provider for the Swedish firm's business web, as well as business intelligence systems, integration, compliance, document support, finance and payment systems.

The US-based firm also will give IT services over life and non-life insurance business units, iGate same in a very statement.

As a part of the engagement, iGate can open a delivery centre in capital of Sweden.

This centre are committed not solely to native hiring however additionally to putting together iGate's nearshore delivery capabilities for the ecu region.


"This deal can increase our presence within the Nordics through the creation of a replacement delivery centre. we have a tendency to square measure extraordinarily happy with the technical and language-based skills accessible domestically and understand this experience can modify US to create scale and capability within the region," iGate govt vice-president and head (Europe and Australia) Derek Kemp same.

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