Fujitsu will continue to provide Virgin Money with support for its mainframe environment, after the bank signed a new five year deal with the IT solutions provider.
Financial terms were not disclosed.
Further reading CIO interview: How Balfour Beatty will rationalise servers and applications in £50m deal with Fujitsu Fujitsu, HP, IBM and Oracle hit as server sales slip – Gartner Fujitsu helps Gravesham Borough Council tackle social housing fraud Post Office selects Fujitsu in '£500m' broadband deal
As part of the deal, Fujitsu will continue to license its virtual machine environment (VME) to Virgin Money.
Fujitsu had been providing the operating environment to Northern Rock, which was acquired by Virgin Money in January 2012, for 20 years. Following a strategic review of IT, Virgin Money agreed to extend the contract with Fujitsu.
"Fujitsu is a proven partner, which has done an excellent job in providing a first-class, reliable operating environment to Northern Rock in the past and now Virgin Money, over the course of 20 years" said Jonathan Kennedy, CIO at Virgin Money.
"Fujitsu has invested in and modernised the VME operating system and moved with the times to exploit modern platforms. Fujitsu also provides the strategic consultancy and technical capability required in a trusted IT partner.
"All of these factors played a part in our decision to make a contract extension with Fujitsu the right choice for us. We look forward to a long and successful working relationship," he added.
Duncan Tait, CEO, Fujitsu UK & Ireland, said that the IT services firm was excited to continue its relationship with Virgin Money.
"At a time when consumer confidence in banks is low, it's crucial that businesses have strong, reliable and consistent performing services for their customers and the technology which powers those services is critical. Fujitsu is very happy to be part of Virgin's Money journey and looks forward to being part of its success," he said.
