If P&C Insurance, a property and casualty insurance company and a fully-owned subsidiary of Finland-based Sampo, has signed a new five-year IT services agreement with Tieto. The contract includes operations management services for If's IT systems in the Nordic countries.

According to Tieto, the total value of the contract is approximately EUR160m and the delivery will be made in co-operation with Atea, who will contribute as a subcontractor on client services in end user services.

The new agreement is expected to increase the use of Tieto’s standard capacity services in If’s business critical service delivery and making service even more flexible and cost-efficient for If.

Adam Harhoff, CEO of If IT Services, said: With the new agreement Tieto has taken Atea as their delivery partner, to strengthen the total delivery. In this way Tieto demonstrates strategic alignment and focus on If’s needs and ambitions. We are looking forward to continuing our relations and improving our IT operations and infrastructure

Per Johanson, executive vice president at Tieto Financial Services, said: For Tieto, this agreement means strengthening our position as the leading Nordic outsourcing partner for the financial services industry.