Harvey Nash Group Regulatory News (HVN)

11 Nov 2008 07:00



HARVEY NASH GROUP PLC

("Harvey Nash" or "the Group")

Harvey Nash announces strategic partnership with Alcatel-Lucent, concludes initial €54m fixed term outsourcing contract. 

The Harvey Nash Group Plc ("Harvey Nash") announces that it has been selected as a key strategic partner by Alcatel-Lucent AG ("Alcatel-Lucent"). A new subsidiary company, Nash Technologies GmbH ("Nash Technologies"), has been incorporated for this purpose and will be a centre of excellence providing wireless technology maintenance, research and development services. 

Revenue generated under the contract is expected to be approximately €54 million over an initial fixed term beginning 1st October 2008 to 31 December 2010. 

Under the contract, Nash Technologies will endeavour to deliver;-

* a risk-focused, effective and efficient research and development team

* a commitment to focusing on high levels of service to Alcatel-Lucent and new clients

* increased utilisation of the global skills base, particularly in Harvey Nash Vietnam

* a strategy for growing the business and achieving further economies of scale

Albert Ellis, CEO of Harvey Nash said:

"Harvey Nash is delighted to have the opportunity to build further upon its strategically important outsourcing service and are pleased to be able to support a significant global player in the wireless telecommunications market. 

At a time when there is considerable uncertainty in global markets, this opportunity is a powerful example of how the unique Harvey Nash portfolio of services can bring significant benefit to the Group's Fortune 1000 client base." 

11 November 2008

Note: A conference call for analysts will take place at 8.30 UK time this morning. In order to participate, please dial UK 0800 694 0257, International +44 (0) 1452 555 566 

ENQUIRIES:

Notes to Editors:

Harvey Nash, a global professional recruitment consultancy and IT outsourcing service provider, is committed to delivering the very best talent and IT solutions to a broad base of clients.

The Group's 4,500 staff and associates, operating from over 30 offices covering the USA, Europe and Asia, work to the highest levels of integrity, professionalism and quality in providing its unique portfolio of services: executive search, interim management, IT and finance recruitment and IT outsourcing. 

For more information please visit www.harveynash.com