Covansys bags $83 million order from SIRVA

Covansys Corporation, a global consulting and technology services, has been awarded an $83 million outsourcing project by SIRVA, a global business services leader.

Headquartered in Naperville, IL, SIRVA is a provider of relocation services and logistics solutions for high value products.

Under the terms of the contract, SIRVA will outsource selected applications development and maintenance, as well as project management, to Covansys. Covansys expects to receive $83 million in revenues over a 10-year contract term. Covansys has an International data center (IDC) in India.

SIRVA expects to reap immediate first year cost savings, in addition to long-term savings of over 20percent. SIRVA's ability to ramp services up or down provides them with added project flexibility. This benefit is due to Covansys' unique, blended onsite/offshore outsourcing model which allows for seamless operations 24 hours a day, 7 days a week.

"Our partnership with Covansys is consistent with our long-term strategy to significantly decrease our non-core IT spending, while at the same time enhancing the level of customer service," said John Dupuy, senior vice president of Corporate Initiatives for
SIRVA.

Cyber News Service