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The move will involve the transfer of about 200 staff (including 30 temporary workers) to Fujitsu on 1 April, according to analyst group Ovum Holway
A Lloyds TSB representative said, "Lloyds TSB is in negotiation with Fujitsu for the provision of IT support for its distributed computing environment. No contracts have been signed and discussions between Fujitsu and Lloyds TSB are continuing."
The bank signed a £500m voice and data network contract with IBM at the end of last year, and IBM went head to head with Fujitsu for the desktop contract.
Phil Codling, senior analyst at Ovum Holway, said the website of bank workers' union Unifi gave an insight into the Lloyds TSB decision. The union said, "A key element of the choice between Fujitsu and IBM was the location of this work, with IBM saying the staff would have to relocate."
Codling said, "This win for Fujitsu shows yet again that such 'softer', human factors play a pivotal role in outsourcing contract awards."