'CSC frontrunner for Zurich Financial contract'

Thu. September 24, 2009; Posted: 05:49 AM

Look up the PowerRating of ZFSVF and see how it has performed over the past week as well as the current proprietary PowerRating.

Sep 24, 2009 (DMEUROPE via COMTEX) -- ZFSVF | Quote | Chart | News | PowerRating -- US-based IT services provider CSC has been selected to enter into exclusive contract negotiations with Zurich Financial Services Group for the provision of data centre and information technology infrastructure managed services in Europe and North America and covering data centre centralisation and server virtualisation. CSC and Zurich are currently negotiating a ten-year master service agreement which will provide for country specific agreements to be entered into by the parties. The potential total contract value is estimated to be approximately up to USD 2.4 billion assuming provision of the full scope of services over the ten-year term. Services are expected to commence under the master service agreement and one or more country specific agreements in the first half of 2010. The exclusive negotiation period is for six months. Any agreements are subject to regulatory and other approvals and notifications, including certain workers councils.

Distributed for DMeurope.com via M2 Communications (www.m2.com)

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