The Phoenix Companies, has renewed its agreement with EDS to continue managing technology infrastructure and software applications for Phoenix Life Insurance Company.

The seven-year, $78 million agreement replaces a previous contract from 2004. Phoenix’s total investment in business technology with EDS, including the value of the new agreement, will be $129 million from January 2009 through 2015.

John LaGrasse, executive VP and CIO The Phoenix Companies, commented “EDS has helped us manage and transform our technology to support our business growth and enhance our insurance services.”