Sub-prime lender International Personal
Finance (IPF) has agreed a three-year, £10m ($16.1m) deal
with Fujitsu.
In terms of the deal, Fujitsu will provide
IPF with a private cloud-based infrastructure service, also known
as “infrastructure as a service” (IaaS).
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IPF’s applications and
data will be hosted by Fujitsu, with servers and storage provided
on a pay-per-use model with a 12 month transition programme already
underway..
The deal builds on an
existing relationship with Fujitsu, which has supported IPF’s IT
environment for nine years through data centre services.
Andrew Herd, head of IT
commercial & service, IPF, said:
“IPF is a truly
international company with ambitious growth plans.
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By GlobalData“Our intention is to
continue to enter new markets and as such it is important that we
can dynamically grow our estate without constraint. With the
environment created by Fujitsu we will have the ability to increase
and decrease our resources quickly, which better suits our business
requirements.”
IPF, a
UK-headquartered home credit provider, was
demerged from Provident in 2007. It delivers unsecured cash loans
to customers’ homes via a network of 28,000 agents.
In the six months to 30
June, IPF posted a profit before tax of £37.7m, up 17% from the
corresponding period last year. Poland is IPF’s largest market and
contributed a profit before tax of £24.8m in the first
half.
