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(Alliance News) - Capita PLC on Monday said it has been awarded a learning services contract renewal worth up to GBP124 million with a major, unnamed UK financial services client.
The contract renewal, which started on July 1 this year, is worth up to GBP123.6 million over five-and-a-half years.
"This contract renewal demonstrates the strength and success of the long-term strategic partnership we have with our client," commented Chief Executive Jon Lewis.
"As a result of working closely and collaboratively as a learning partner for a number of years, we have been able to understand and adapt to their changing needs effectively, ensuring they always have access to the skills they and their people need."
London-based outsourcing company Capita will provide a "range of learning services, as well as market insight and thought leadership". Services include learning consultancy, virtual and face-to-face learning programmes, and digital learning.
Capita plans to provide end-to-end learning services to the client in a "more innovative, digital and efficient way" under the renewed contract. It will also be responsible for procurement and management of any third-party learning suppliers to the client.
Shares in Capita were up 0.3% to 35.30 pence on Tuesday morning in London.
By Will Paige; willpaige@alliancenews.com
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