DENMARK - Danish pension fund ATP is set to select an information technology provider for its internal IT management and back office works at the end of February, the fund's CIO Per Rasmussen has confirmed.
ATP received proposals last month from three companies: KMD and Novo Nordisk IT - two local providers - and IBM, out of the six companies it originally short listed.
The contract will be awarded for a period of between four to seven years and is worth DKK500m (US$97.8m).
Rasmussen said: "We are going to outsource the infrastructure services for mainframe and decentral service and the ones for the SAP [a business management software] environment. We also plan to outsource the application maintenance for SAP."
In October, ATP decided to freeze pensions at their 2009 levels for this year, despite having recouped most of its 2008 losses (Global Pensions, October 29, 2009).
Latest financial results show ATP gained DKK22.2bn in the first nine months of 2009 helping total assets reach DKK61.9bn.
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