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News Breaks | | | | January 15, 2013 | | 08:22 EDT |  | GIB | CGI Group, LahiTapiola to establish new company in Finland
Tapiola Data, a subsidiary of Finnish insurance company LahiTapiola Group, and Logica Suomi Oy, now part of CGI, have signed an agreement to establish a new company LTC-Otso Ltd. The anticipated revenue for LTC Otso will be EUR150M over the next 5 years. The new company will deliver development, consulting and application management services of information systems. The services will be focused on addressing the business needs of property, casualty, life and pension insurance business, banking, asset management, and real estate investment. Tapiola Data's personnel of 240 and approximately 40 people from Logica, now part of CGI, will join the new company. LTC-Otso will start operating on February 1. | |
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