The number of major outsourcing initiatives in the Nordic region increased dramatically in 2003 as international giants such as IBM Global Services and Accenture secured major deals.
ComputerWire tracked 225 IT services deals with a minimum value of $1m signed in Denmark, Sweden, Norway and Finland during 2003, with a combined value of 9.97bn. This represents a huge increase over the 132 deals tracked in 2002 with a combined value of $1.54bn.
This growth was largely driven by large outsourcing deals. ComputerWire recorded 15 deals with a value greater than $100m in 2003, compared to just two $100m+ contracts the previous year.
The largest deal signed in the Nordic region in 2003 was IBM Global Services’ $2.66bn, 10-year infrastructure outsourcing contract with financial services group Nordea. There were two other billion-dollar deals signed last year: Computer Sciences Corp’s $1.5bn win with SAS and HP’s $1bn deal with Ericsson.
Only six of the 20 largest contracts tracked in the region by ComputerWire were won by native Nordic services vendors, underlining the growing strength of international services vendors in the region. The largest domestic success was EDB Business Partner’s $260m contract with Telenor to provide centralized IT operating services.
This article is based on material originally published by ComputerWire