Australian integration and outsourcer KAZ Computer Services has entered into a deal which will see it develop a superannuation administration system for the Thai government and three superannuation schemes run by the Thai Farmers Bank.
Peter Kazacos, KAZ managing director, said the agreement would position the company to take advantage of other outsourcing opportunities in the Asia-Pacific region.
"Once the system is in place we will be taking on 1.4 million members from day one," Kazacos said. "It will also give us critical mass in order to extend our services throughout Thailand."
According to Kazacos, the company has taken advantage of skills in the business-processing arena it scored through the acquisition of AusData.
"We are using the skills in the superannuation and business process arena," he said.
The deal has given rise to a joint venture company, Thai Administration Services, comprised of KAZ, the Thai Government Pension Fund and the Thai Farmers Bank. The newly formed company will be 51 per cent owned by the Thai Farmers Bank, with 30 per cent going to the Thai Government Pension Fund, while the remaining Kaz will own 19 per cent.
Under the terms of the joint venture, KAZ will be responsible for the development of the operations software for the new administration system, as well as the supply and implementation of associated image and workflow systems.
The deal will also see KAZ secure supply and support all computer and imaging hardware required to run the environment.
Kazacos hopes this Thai success will leave the company well positioned to tender for future Australian IT outsourcing opportunities.
- Jeanne-Vida Douglas writes for CW sister publication Australian Reseller News