Another £1bn for Capgemini

We have a particular interest in Capgemini since they were awarded the contract to build Contactpoint – aka the central identity management system for children’s services. Back in January we mentioned the fast-rising costs of HMRC’s ASPIRE system, and now there’s more on Tony Collins’ blog:

HM Revenue and Customs has struck a deal with its IT supplier Capgemini that cuts the annual technology spend by hundreds of millions over the life of the contract. The agreement compensates the company with a contract extension worth more than £1bn.

I guess Contactpoint – at a mere £224m – must seem like loose change on the bedside table. Assuming the estimates are correct, of course…