Percana to double staff in deal with UK assurer
Published 25/01/2010 | 05:00
Dublin-based software and outsourcing group Percana is to effectively double its workforce to more than 220 after sealing a deal to secure UK life assurer Pearl as a client.
About 110 Pearl employees working in the capital will now transfer to Percana, while the Irish-owned firm expects to hire as many as 50 people this year, depending on possible new business wins.
Percana and Pearl signed an 11-year contract which will result in the Irish company handling front- and back-office administration of Pearl's life and pensions business in Ireland, as well as call-centre support.
Pearl has two major life and pensions businesses in Ireland: Scottish Mutual International and Phoenix Ireland, which was previously known as Scottish Provident Ireland.
Percana already provides services to clients such as Generali Pan Europe, Quinn Life and an Irish arm of Societe Generale.
Percana executive chairman Paul O'Kane described the deal as "great news", and said the firm's software suite, Eclipse, was poised to be used on a wider global stage.
Percana recorded a profit of €617,000 in 2008, compared to a more than €1.4m loss in 2007, according to accounts filed in the Companies Office.