Skandia signs with Tibco for IT support

The Skandia UK Group has appointed Tibco Software to support its IT strategy. Skandia will implement the Tibco platform which will provide the investment manager with a real-time view of business events, enabling Skandia to decrease time-to-market for new services and streamline the administration of its distribution chain. Tibco's Skandia-based Competence Centre – a key component of the contract – will be staffed jointly by Skandia personnel and Tibco Professional Services Group.