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IBM: IBM Awarded Seven-Year Services Contract by Sun Life Financial

^{Published on 2009-04-09 07:45:54, Last Modified on 2009-04-09 07:46:24 - Market Wire}
 

TORONTO--(Marketwire - April 9, 2009) - IBM (NYSE: [ IBM ]) today announced a seven-year agreement to manage select infrastructure and operational services in addition to the existing mainframe services for Sun Life Financial (TSX: [ SLF ]) (NYSE: [ SLF ]) in Canada and the U.S. This transaction is valued at more than CDN$300 million over the seven-year term.

"IBM is focused on utilizing its people and business processes in support of Sun Life Financial's global growth strategy," said Saad Toma, general manager, Global Technology Services, IBM Canada. "Building on our strong historical delivery performance, our relationship is being extended further to provide new highly integrated, cost-effective and intelligent solutions to support Sun Life business goals."

This new agreement signed in March 2009 extends and expands upon a contract signed in 2002.

About IBM

For more information on IBM, visit [ www.ibm.com/services ]

About Sun Life Financial

Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of December 31, 2008, the Sun Life Financial group of companies had total assets under management of $381 billion. For more information please visit [ www.sunlife.com ].

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under ticker symbol SLF.