July 07, 2006
ING Group to Sign Outsourcing Deals
Insurance and investment firm ING Group has roped in four outsourcing service providers to install and maintain its computers and telephones. The four major companies that are all set to enter into partnership with ING are Accenture, Atos Origin, Getronics and KPN. The deals are valued at $1.02 billion that will last for five years. It has been reported that about 500 ING employees will be transferred to the outsourcers. The deal is part of an efficiency drive aimed at reducing operating costs by $584 million. It will run in conjunction with an existing seven-year agreement signed with IBM in 2003. ING currently has 114,000 employees all over the world. The company offers insurance, banking and asset management services in more than 50 countries.
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