26th May 2005 07:00
Xansa PLC26 May 2005 26 May 2005 Tesco and Xansa sign new IT Services Agreement Minimum revenue commitment over three years Tesco, one of the top three international retailers in the world, and Xansa, theoutsourcing and technology company, have agreed a new IT services contract,which includes a minimum revenue commitment over the three years to 2008. Building on a relationship that extends back over fifteen years, Xansa willcontinue to drive down the cost of Tesco's core IT operations through deliveryexcellence, use of offshore and improvements in productivity. This will allowTesco to focus on enhancing and extending its retail services and improve theoverall shopping experience for its customers. Xansa will continue to provide a portfolio of services through its integrateddelivery channels in the UK and in India. Services will include applicationmanagement, software development and programme and project management for a widerange of Tesco's critical IT systems covering distribution, stock replenishment,products and pricing through to daily shelf-edge labelling. Xansa will alsosupport the UK and Republic of Ireland payroll systems as well as providinggeneral sales information. Within the UK, Tesco has 2,365 stores and over367,000 staff, serving 15 million customers per week. Commenting on the agreement, Alistair Cox, Chief Executive, Xansa said "We are extremely proud to be working for Tesco, a world class retailer. Ourrelationship goes back over fifteen years and has been built upon consistentexcellent delivery and providing innovative solutions to Tesco's challenges. Iam very pleased that this has been recognised in this IT services agreement. Itwill allow us both to do more of what we are each good at - Tesco to continue tobe a world leading retailer, and for us, to provide appropriate innovative costeffective solutions." ENDS Contact: Steve Stratton Giles Sanderson, Ben WayInvestor Relations Director, Xansa Financial DynamicsTel : + 44 (0)8702 416181 Tel : + 44 (0)20 7831 3113Email : [email protected] About Xansa Xansa is the outsourcing and technology company. Committed to deliveringguaranteed business outcomes through a combination of technology and processexpertise, Xansa gives its clients the freedom to do more with their business.Strong relationships, commercial innovation and an integrated Indian deliverycapability ensure that Xansa drives real and long-term cost reductions,performance improvements and new ways of working tailored to each client. Theservices Xansa provides are Business and Technology Consulting, ITImplementation, IT Outsourcing and Business Process Outsourcing. Based inReading, Berkshire, Xansa is listed on the London Stock Exchange (LSE:XAN) andhas over 6,400 people in the UK and India. About Tesco Tesco is one of the world's leading international retailers, with 2,365 storesand over 367,000 employees. The Group has a long term strategy for growth basedon four key parts: growth in the Core UK business, to expand by growinginternationally, to be as strong in non-food as in food and to follow customersinto new retailing services. Tesco operates stores in the UK, Czech Republic,Hungary, Poland, Republic of Ireland, Slovakia, Turkey, China, Japan, Malaysia,South Korea, Taiwan and Thailand. Within Retailing Services, Tesco.com is oneof the world's most successful online businesses, fulfilling 150,000 groceryorders each week and Tesco Personal Finance now has five million customeraccounts. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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