Wealth management company, Perpetual Limited, has signed a five-year $68 million ourtsourcing agreement for its IT functions with Fujitsu Australia Limited.

 

Under the partnership, Perpetual plans to  modernize its IT infrastructure and applications, and improve a number of service and capability functions in a bid to deliver the IT cost savings outlined in the company’s Transformation 2015 strategy which targets $50 million in annual savings in FY2015. The first stage of the outsourcing process will occur in the second half of 2013.

 

According to a company statement, around 100 roles will be affected by the outsourcing, with a small IT team retained by the company to             focus on governance and vendor management.