$1.3 Billion Global Outsourcing Deal

UK based vnunet.com reports Zurich Financial Services has outsourced its global IT applications to Computer Sciences Corporation in a seven-year agreement estimated to cost $1.3bn.

"Zurich's chief information technology officer Michael Paravicini said the deal would improve efficiency of applications service delivery. 'This relationship is an important enabler for Zurich's further evolution from a globally diversified business to a globally leveraged business,' he said in a statement."