Coutts' Swiss Unit Signs on with Unisys

BLUE BELL, Pa. - Unisys Corp. has been awarded a $16 million outsourcing contract with a Swiss unit of the National Westminster Bank private banking subsidiary Coutts & Co.

Under the three-year agreement, Unisys will provide operation development, maintenance, support, and contingency backup of Coutts & Co. AG's computing environment, which is made up of Unisys servers, personal computer workstations, interbank interfaces, and networks.

The agreement is one of the cornerstones in the bank's strategy to concentrate on its core banking, investment, and trust service businesses.

The Unisys services will allow the bank to better control and reduce operating costs, and will be instrumental in planning a smooth transition from current mainframe-based applications to more modern, standard solutions, according to Unisys officials.

Coutts & Co., based in London, has more than 30 offices around the world.

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