HP has signed a five-year, $73m applications and infrastructure technology services agreement with Sweden-based banking and insurance firm Lansforsakringar.

Under the terms of the agreement, HP will continue to provide server, storage, workplace and applications management services. It also will provide support of Lansforsakringar’s environment, including customer relationship management software, and HP ProLiant, BladeSystem and StorageWorks XP Disk Array technologies.

Carin Goransson, CIO and COO of Lansforsakringar, said: “By entrusting our technology services to HP, we can focus on delivering innovative insurance and financial services to our customers. Through our work together over the past five years, HP has established a reputation for exceptional service delivery and we look forward to this next phase of our relationship.”

HP said its financial services subsidiary will provide leasing services. The technology services will be offered from its global delivery centre in Bulgaria.

Aage Edvardson, Scandinavia manager at EDS, an HP company, said: “Over the next five years, Lansforsakringar will continue to innovate while maintaining cost-efficient IT operations. HP’s unrivaled experience, processes and continued commitment to service delivery excellence will help Lansforsakringar achieve this outcome.”

Earlier in January, EDS signed a seven-year, $78m agreement with Phoenix Companies, to continue managing technology infrastructure and software applications for Phoenix Life Insurance Company, a wholly-owned subsidiary. EDS is expected to consolidate and manage Phoenix’s midrange server, mainframe and information storage environments, and manage and monitor the voice and data communications network.