Volvo IT signs operating agreement with Skandia

AB Volvo’s subsidiary Volvo IT has taken over responsibility for the Skandia insurance company’s mainframe computers. The agreement will run for three years and covers IT operation, technical support, data storage, system monitoring and data communication. Skandia’s mainframe computers run business systems used throughout the Nordic region and must be available 24/7. The entire mainframe computer environment is now being moved to Volvo IT in Göteborg, which has one of the Nordic region’s largest data centers located deep in a mountain. Volvo IT’s largest customers are in the auto industry but the number of customers in other industries has increased in recent years. ”We see the Skandia agreement as a success for our business model which means open cooperation and effective coordination of IT resources at major companies, ” says Volvo IT’s CEO, Ulf Nilsson. ”Volvo IT can supply the resources we need and build their relationship with us on a deep understanding of our requirements,” says Skandia’s deputy CEO, Gert Engman, who is globally responsible for IT issues at the Group. Skandia is located in around 20 countries and listed on the stock exchanges in Stockholm, London and Frankfurt. March 14, 2005 For further information please contact Ann-Louise Öhrn, Vice President Corporate Communications, Volvo IT Phone:+46 (0) 31 66 10 88 or +46 (0) 708-667088, ann-louise.ohrn@volvo.com