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Combined Financial Processing signs contract for further three years

Wednesday 3 May, 2006

Hansen Technologies Limited (Hansen), a listed information systems and services group today announced that its wholly owned subsidiary Hansen Professional Services Pty Ltd has renewed its contract to provide managed services for a further three years to Combined Financial Processing Limited (CFP), a major provider of IT services to Australian credit unions.

This new contract represents the continuation of a long mutually satisfying association which dates back to 1997, representing a period of 12 years in which Hansen will have been providing outsourcing services to CFP.

The new agreement is worth over $12 million in Revenue to Hansen and covers the following key areas of outsourced service provision:

  • Unix systems for the core banking application;
  • A centrally managed and integrated LAN environment incorporating software and hardware optimisation technologies;
  • LAN servers for Internet Banking and Insurance applications;
  • Wide Area Network support for almost 200 credit union branches across Australia;
  • 24/7 Help Desk support;
  • Centralised Services including firewall management, data and communication security, Internet access, application management and shared facility infrastructure support;
  • Disaster Recovery facility, testing and recovery services for above systems.

CFP requires flexibility, innovation and commitment from its outsourced service provider in providing a high level of service in dealing with the day-to-day issues of technology required by Credit Unions.

Hansen is appreciative of the confidence shown by CFP in once again renewing this relationship. "CFP's decision to renew its contract with Hansen underlines our success in providing value added IT services to the Australian financial services sector, specifically to the Credit Union Market," said Andrew Hansen, CEO of Hansen.

"The relationship between Hansen and CFP works well because we take a partnership style approach to our service delivery. We focus upon providing reliable, flexible, innovative and cost effective services to help customers achieve competitive advantage in their markets. We look at our clients' success as a measure of our own," added Mr. Hansen.