Barclays has extended its Barclaycard IT outsourcing
joint venture arrangement with Xansa, which is set to generate at
least £75m in business over five years.
The existing joint venture is owned by both Barclays and Xansa,
with a shareholding split of 51:49 respectively.
The joint venture will continue to supply applications
management and major change programmes to the Barclaycard business.
The new contract has been expanded to encompass some of the
services currently delivered to the wider Barclays Group by
Xansa.
Xansa has been working with Barclays for over 15 years, and
became Barclays’ first large IT outsourcing partner when the
Barclaycard joint venture was established in 2002.
