$37.7-m contract for Scandent's BPO arm

NEW DELHI: Scandent Solutions Corporation Ltd. (Scandent Solutions) today announced that its subsidiary Cambridge Integrated Services Victoria Pty Limited (Cambridge Australia) has been awarded a three-year contract by New South Wales (NSW) WorkCover Authority to process their workers compensation claims.

The contract becomes effective January 1, 2006, for a period of three years, with the opportunity for an additional three-year extension. The contract's estimated value is US $37.7 million (Rs.170 crores).

Cambridge Australia will open a new operational center in Sydney with approximately 150 new staff to support the contract and other opportunities in New South Wales (this will take the existing staff strength in Australia to a total of 360).

In the State of New South Wales, Cambridge Australia will replicate the model achieved in supporting the Victorian WorkCover Authority in Melbourne, Victoria. The New South Wales market is the largest workers compensation market in Australia, with a total premium value of US $1.9 billion (Rs. 8,550 crores) and Cambridge's New South Wales operational center will facilitate the ability to capitalize on this new market opportunity.