LV= appoints Atos Origin as part of IT restructure
London -Fast-growing investment and insurance group LV= today announced the appointment of international IT services company Atos Origin to manage the group’s 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.
Richard Rowney, LV= Group Chief Operating Officer commented: «LV= is undergoing an exciting transformation and we are changing our IT capabilities to support and take this forward.
We are pleased to announce this strategic partnership with Atos Origin and are confident it will provide the certainty, support and savings we need in the next stage of our corporate
Jonathan Barber, LV= Group IT Director added: «We are establishing a new ‘Design, Build, Operate and Govern’ IT capability with core in-house teams focusing on design and
governance whilst sourcing IT build and operate services from ‘best of breed’ internal and external suppliers as best meets the needs of the business.»
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.»