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The Cigna deal is worth $724 million over seven years and calls for IBM to manage voice and data networks, contact center applications, and enterprise content management software, as well as help plot IT strategy.
October 5, 2006
1 Min Read
Health insurer Cigna has tapped IBM to maintain and operate the computing infrastructure for its Connecticut General Life subsidiary, Cigna disclosed in a regulatory filing late Wednesday.
Under a seven-year deal, IBM will run Connecticut General's voice and data networks, contact center applications, and enterprise content management software, as well as help the insurer plot IT strategy. The contract is worth about $724 million, Cigna said in a filing with the Securities and Exchange Commission. Separately, European telecom giant Vodafone said Thursday it has selected IBM, along with Electronic Data Systems, to handle application development and maintenance services. Vodafone is looking to trim its IT budget by 25% to 30%, in part by outsourcing key functions, company officials said in a statement. Financial terms of the deals weren't disclosed.
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