Xansa, the U.K. computer services company, has confirmed that it has finalized terms on an outsourcing contract from the BBC, publicly-funded broadcaster based in the U.K., worth $161 million over 10 years.

Under the terms of the deal, Xansa, which develops computer systems and runs IT, financial and administrative services for customers, will provide finance and accounting services to BBC. The company will save $380 million through the contract, according to Xansa.