The services and outsourcing provider late last week announced new contracts with the Bank of Canada, the Swedish manufacturer SKF, health care company Wellmark, the UK's Department of Inland Revenue and the California Health Foundation's Healthy Families program.
The Bank of Canada contract (the largest of those whose terms were disclosed) calls for EDS to provide outsourcing of business operations to support the sale, servicing and redemption of Canadian government savings bonds. The 9.5-year contract is valued at $271 million.
Some 500 employees of the bank will transfer to EDS, which will work to lower costs associated with the bank's savings bond program.
EDS, which is seeking to increase its share of the financial services outsourcing pie in Canada, earlier this year snagged a $156 million contract with the Canadian Imperial Bank of Commerce. The CBIC was the first financial institution in Canada to outsource its human resources operations.
California's Children's Health Insurance Program also chose to extend its contract with EDS to support new applicants to the Healthy Families program. The program is designed to provide health insurance to families that don't qualify for Medicaid and can't afford insurance on their own.
The 18-month extension, valued at $64 million, calls for EDS to implement and operate the Health-e-App online enrollment application.
"The Healthy Families program is being expanded to include adults later this year and into next year. They're adding about 1,000 new members a day, and we expect that trend to continue," said Dick Callahan, client executive for the state of California at EDS in Sacramento.
EDS will also develop a new training program to help community-based organisations enroll eligible citizens.
An additional 1-year option could bring the value of the contract up to $118 million.
The 7-year contract with SKF, of Gothenborg, Sweden, calls for EDS to take on all internal IT operations across the globe for SKF.
The contract, worth $105 million per year, will see EDS take on 700 SKF IT employees in 85 locations around the world.
EDS will take over operations management of SKF's mainframe and midrange data processing environments, its wide area network as well as its 14,000 LAN-attached desktops.
