Matthew Nelson
Perspecta will move several benefits and financial applications of the California State Teachers’ Retirement System to the cloud under a potential nine-year, $42.5M contract.
The company said Wednesday it will deploy Agile teams to support the migration effort and help CalSTRS maintain the hosted platform as part of the contract.
The contract has a base term of three years valued at $17M and two three-year options and includes the delivery of cloud operations, program management, disaster recovery, information technology service management and security support services.
Rocky Thurston, senior vice president and general manager of Perspecta’s civilian, state and local business unit, said the award seeks to reflect the company’s capabilities and partnership with the state of California.
“By implementing this program in an Agile environment, we will ensure that the system fully supports the needs of the state and retirees throughout migration and implementation, while building a long-standing partnership for years to come,†Thurston added.
CalSTRSÂ is a pension fund managing approximately $257.9B in assets and provides retirement, survivor and disability benefits to more than 964K public school educators and their dependents in California.
