Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Aon Finalizing IT Outsourcing Arrangement
The outsourcing agreement, which covers Aon’s US insurance brokerage and consulting business units, will touch Aon’s data centers, telecommunications and data networks, desktop support, related help desk services and various IT support functions. These areas employ approximately 600 people across the United States, according to a news release.
Aon will retain responsibility for IT strategy and leadership, architecture and application development and maintenance. Most of the affected employees will transition to CSC in August 2004.
The outsourcing deal is designed to produce an estimated $300 million in savings over seven years for Aon. CSC’s management of this scope of service is expected to generate in excess of $600 million in revenue for CSC over the life of the agreement, the news release said.