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August 17, 2009updated 12 Apr 2017 4:33pm

HP Financial Services finances $73m Swedish deal

HP Financial Services has agreed to finance a $73 million (51.9 million) deal between HP and Lnsfrskringar, a Swedish banking and insurance firm. Under the terms of the agreement, HP will provide Lnsfrskringar with servers, storage, workplace and applications management services, which HP Financial Services will lease to the bank.

By Jason T

HP Financial Services has agreed to finance a $73 million (€51.9
million) deal between HP and Länsförsäkringar, a Swedish banking
and insurance firm.

Under the terms of the agreement, HP will provide
Länsförsäkringar with servers, storage, workplace and applications
management services, which HP Financial Services will lease to the
bank.

“Over the next five years, Länsförsäkringar will continue to
innovate while maintaining cost-efficient IT operations,” Aage
Edvardson, Scandinavia manager at EDS, an HP company, said. He
added that the technology services will be delivered from HP’s
global delivery centre in Bulgaria.

Carin Göransson, chief information officer and chief operations
officer at Länsförsäkringar commented: “By entrusting our
technology services to HP, we can focus on delivering innovative
insurance and financial services to our customers. We look forward
to this next phase of our relationship with HP.”

Jason T Hesse

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