US-based major International Business Machine (IBM) on 1 December 2014 signed a ten-year, multi-billion dollar deal with Dutch bank ABN Amro. The deal was signed to provide computer infrastructure services to ABN Amro running on its cloud systems.
IBM will provide fully managed services for mainframe computers, servers, storage and end-user computing as well as a help desk and other technical support.
The deal comes as IBM is trying to gain momentum in the market for Internet-delivered computing services, known as cloud computing. IBM so far has failed to keep pace with a shift to cloud-based computing services from its established business selling computer consulting and software that customers run on internal computer systems.
Earlier, in November 2014, IBM had won a 7-year outsourcing contract from Germany's Lufthansa worth 1.25 billion US dollar. In the deal, IBM has to take over the airline's information technology infrastructure services division and staff.
About ABN AMRO Bank
ABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. It was re-established, in its current form in 2009, following the acquisition and break-up of the original ABN AMRO by a banking consortium.
The consortium consists of Royal Bank of Scotland Group, Santander Group and Fortis. Following the collapse of Fortis, it was nationalized by the Dutch government along with Fortis Bank Nederland.
When: 1 December 2014