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Ordina Robeco Direct N.V. has decided to end its outsourcing agreement with Ordina BPO prior to the termination of the contract. The agreement, signed on the 12th of February 2007, stipulated that Robeco Direct's savings and investment back-office processes would be outsourced to Ordina BPO.
The reason for the early termination is that Robeco Direct and Ordina BPO hold different views on the new target platform that was to be utilised by Ordina for processing Robeco back-office processes.
Ordina strongly regrets Robeco Direct's decision. Parties are currently in talks regarding the consequences and further courses of action to be taken. This includes deciding when Robeco Direct will be taking the outsourced processes into own management again.
About Ordina With our more than 5,700-strong workforce, Ordina aims to improve the business processes of Dutch and Belgian enterprises by providing advisory services, developing supporting applications or taking on a wide range of processes, including ICT. Ordina N.V. was incorporated in 1973. Ordina N.V. shares are quoted on Amsterdam's Euronext Stock Exchange, where they are included in the Midkap Index.
For more information, please contact: Ordina N.V. S.E.M. Huuskes, director corporate communication Telephone: +31(0)30 663 7402 www.ordina.com
