Luottokunta Chooses Logica As It Service Partner

2 September 2010

Luottokunta, the leading card payment service provider in Finland and Logica, a leading business and technology service company, have signed a four-year contract whereby Logica will manage the IT operating and infrastructure services of Luottokunta. As part of the contract, 16 payment specialists working currently in Luottokunta will transfer to Logica in October 2010.

Heikki Kapanen, CEO of Luottokunta, said: "By purchasing IT operating and infrastructure services from Logica, the amount of expertise and resources available to us will grow substantially without significant investments. We can stay focused on building and expanding our core competency and competitive positioning within the ever evolving card payment services market."

"Logica provides us with efficient and flexible infrastructure services both locally and globally, which further improves our ability to meet our clients' needs as the popularity of card payments is increasingly growing. We are also convinced of Logica's ability to develop and make use of the expertise of the Luottokunta staff members that will move over to Logica. We are certain that Logica will provide them with versatile and interesting career opportunities," continued Kapanen.

Logica is strongly developing the payments solutions and the supporting IT services together with its clients and technology partners.

Heikki Nikku, CEO of Logica Finland, stated: "This agreement with Luottokunta allows us to better support Luottokunta's business and services to its clients. Logica is a specialist in data security in electronic transactions and we will be able to bring our expertise both in Finland and from around the world to Luottokunta. Our 1,250 payments experts around the world work with our clients to develop best practices and innovative services aimed at improving their competitiveness."

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