28th Sep 2010 07:00
28 September 2010
Logica signs Memorandum of Understanding with UK Government
Efficiency savings agreed and discussions underway on supporting Government's longer-term efficiency agenda
Logica, a leading business and technology service company, today announces that it has signed a Memorandum of Understanding ("MoU") with the UK Government following the process initiated by the Minister for the Cabinet Office, Francis Maude, in July. Under the MoU, Logica will continue to deliver all of its existing contracts, having agreed a number of efficiency savings with Government. The savings agreed were anticipated in our forecasts and therefore our expectations as set out in our interim announcement remain unchanged.
Commenting on this announcement, Craig Boundy, Chief Executive Officer of Logica's UK business said:
"We are pleased to have reached an agreement with Francis Maude and his team in a speedy and straightforward fashion. We now look forward to continuing our engagement with Government on longer-term initiatives where we can use our expertise in deploying technology to help bring better services to the citizen while saving money in the process."
Logica is a key IT supplier to the UK Government. It has supplied to Government as a client for over 40 years and continues to work across more than 55 departments and agencies. Logica's UK Public Sector revenue accounted for around 12% of Group revenue in 2009.
- ends - NOTES TO EDITORSAbout Logica
Logica is a business and technology service company, employing 39,000 people. It provides business consulting, systems integration and outsourcing to clients around the world, including many of Europe's largest businesses. Logica creates value for clients by successfully integrating people, business and technology. It is committed to long term collaboration, applying insight to create innovative answers to clients' business needs.
Logica is listed on both the London Stock Exchange and Euronext (Amsterdam) .More information is available at www.logica.com.
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