Know IT signs frame agreement with Skandia

Published 02 Feb 2012

Know IT has signed a Nordic frame agreement with Skandia regarding IT consultancy services. The agreement covers operational development and strategy, management and governance, systems development, application management, web, testing, support, infrastructure and information safety. The frame agreement runs through December 31, 2014.

– The fact that we received Skandia’s confidence is proof that we have high competence, a broad service offering and strong supply capacity. We have long experience of assignments in the segment of banking, finance and insurance and thanks to our role as an independent supplier of IT services, we can act entirely for the good of the client, says Ulf Pettersson, head of Know IT Stockholm.

Know IT has extensive experience of delivering in the segment of banking, finance and insurance, which in 2010 provided 17 percent of Know IT’s net sales. Frame agreement-based deals represent a substantial share of Know IT’s net sales and are an important part of the company’s structural capital. At this time, Know IT has more than 130 current frame agreements.

Skandia carries out operations in the fields of insurance and banking and offer, among other things unit-linked insurance, savings in securities funds, traditional life insurance, health and accident insurance, health care insurance and banking services.

Know IT is one of several suppliers to sign a frame agreement.

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