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.