Sparebanken Vest enters into an agreement with EDB worth NOK 500 million


WEBWIRE – Thursday, November 26, 2009

Bergen, Sparebanken Vest has entered into an agreement with EDB for the purchase of product solutions and operating services for the bank’s activities. The agreement runs for five years until the end of 2014, and represents total contract value in the order of NOK 500 million.

“Sparebanken Vest is a very important customer and business partner for EDB, and I am delighted that the bank has confirmed its confidence in us by renewing our co-operation for a further five years. We will do our utmost to ensure that Sparebanken Vest is able to continue to deliver high quality and competitive solutions for its customers and employees in the years ahead”, says Wiljar Nesse, Executive Vice President - Bank & Finance at EDB.

“When selecting our supplier we attached particular importance to having access to a complete solutions portfolio, and to reliable and stable operating services. We intend to continue to develop the collaboration between Sparebanken Vest and EDB, based on openness and mutual confidence. This will in turn ensure that Sparebanken Vest enjoys the benefits of flexibility and rapid time to market”, comments Jan Erik Kjerpeseth, Deputy Managing Director of Sparebanken Vest.

About the contract
Under the terms of the agreement, EDB will be responsible for delivering solutions and operating services to Sparebanken Vest through to 31 December 2014. EDB has been the bank’s supplier of these services for a number of years, and the new agreement is a continuation of the current collaboration between the two parties. The agreement represents total contract value through to the close of 2014 of NOK 500 million.

EDB and Sparebanken Vest are committed to facilitating extensive collaboration and interaction throughout the contract period. This will include giving the bank the opportunity to influence the development of EDB’s new and forward-looking solutions, and to implement these solutions at an early stage. At the same time, EDB’s development work will benefit from its close understanding of the bank’s future requirements in relation to different types of user of the bank’s solutions and services.

“This contract provides continuing support for EDB’s position as the leading Nordic vendor of IT solutions and services for the banking and finance sector. I look forward to the further development of our strategic collaboration with Sparebanken Vest on the development of the solutions of the future for both retail and corporate customers in the banking and finance market”, comments Wiljar Nesse.

Sparebanken Vest
Sparebanken Vest is the third largest savings bank in Norway, with total assets of NOK 95 billion. The bank’s principal market is the area represented by Hordaland, Rogaland and Sogn og Fjordane, and the bank’s head office is in Bergen. The bank has 250,000 customers, 63 sales offices and 826 employees. Sparebanken Vest owns Eiendomsmegler Vest AS and AS Filialbygg. Together with 14 other savings banks, Sparebanken Vest was responsible for establishing Frende Skadeforsikring, Frende Livsforsikring and Norne Securities.
www.spv.no

About EDB
EDB Business Partner is one of the leading IT groups in the Nordic region. The company offers solutions for the full range of business-critical IT services. EDB aims to be a close and attentive partner that leverages its deep industry knowledge and international capabilities to help its customers realise the full potential of IT. The company has local presence in 13 countries, 6,000 employees and annual turnover of around NOK 7.5 billion. EDB Business Partner is listed on the Oslo Stock Exchange.
www.edb.com



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