Friday, April 17, 2009

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IBM wins $372 mn deal

IBM has won a C$450 million ($372 million) deal to manage information technology infrastructure for Canada's National Bank Financial Group, the tech giant said on Thursday.

The seven-year deal is an early renewal of a contract that was first signed in 2001. Its announcement comes a week after IBM won a similar deal worth more than C$300 million with Canadian insurance giant Sun Life Financial.

Services that IBM will provide National Bank include mainframe, server management and end-user services.

The aim is to simplify the bank's information technology infrastructure while making it more efficient and resilient, IBM said.


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