IT major IBM India has signed a 10-year information technology (IT) services agreement with Sardar Bhiladwala Pardi People's Cooperative Bank in Gujarat, the company said Monday.
'The operational expenditure in the pay-as-you-use model will enable the leading cooperative bank to save up to 50 percent in its capex (capital expenditure) on IT infrastructure,' IBM said in a statement.
As part of the deal, IBM India will provide the 80-year-old bank managed continuity services comprising server management, network and security management and back-up and database management.
Monday, January 4, 2010
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