French IT services company Capgemini (CAP.FR) Tuesday announced a new multi-year agreement with Kraft Foods Inc (KFT) to support the food company's procurement operations in North America.

MAIN FACTS:

- Under the terms of the agreement, Capgemini's unit Capgemini America Inc. will assume responsibility for the strategic sourcing and spend management of various purchasing categories.

- Capgemini will deploy its new global service delivery model, which leverages technology from its recent acquisition of IBX, an on-demand purchasing solutions provider, for Kraft Foods' operations.

- No financial details of the agreement were disclosed.

- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; ruth.bender@dowjones.com
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