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pinkdreamer 发表于 2015-5-21 13:21 ![](static/image/common/back.gif)
which company is this
MEDIA & ASX ANNOUNCEMENT 20 May 2015
SAI reduces costs through IT management agreement with
HCL Technologies
Sydney, Australia, 20 May 2015. SAI Global Limited (ASX: SAI) today announced that it had entered
into a managed services agreement with HCL Australia Services Pty Ltd and its Indian based parent
company, HCL Technologies Limited (HCL), whereby a number of SAI’s IT applications will be managed
by HCL.
SAI expects to save around A$27M over the five year term of the agreement from 1 October this year. It
is anticipated that SAI’s Global IT workforce will be reduced by around 90 employees.
The savings achieved will enhance earnings and enable further investment in SAI’s newly integrated,
global and regional sales and marketing capability. The FY16 EBITDA impact is expected to be an
improvement of A$3M as a result of this initiative.
Chief Executive Officer, Mr Peter Mullins, said: “This is another important step in SAI’s evolution to a
lower cost, integrated provider of risk management solutions”.
“HCL is an industry leader in outsourced IT services and we are pleased to be entering into a partnership
with them to improve the efficiency and the costs of delivering SAI products”.
“Access to HCL’s resources will also enhance our product development capability and enable us to offer
better products to our customers”.
“Overall, we expect the outcome to be higher organic revenue growth and increased operating margins
in FY16 and beyond”, added Mr Mullins.
The transition costs of bringing about these changes will be included as significant charges in the FY15
results and form part of the existing A$10M to A$12M of second-half significant charges announced last
week in the Company update.
The cost savings announced today are in addition to those resulting from the implementation of the
Company’s new operating model on 1 July 2015. The new operating model is also expected to reduce
non-IT related roles by a further 20 over the coming months. |
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