IBM signed ten-year deal with ABN Amro to provide computer infrastructure services

Dec 2, 2014 16:30 IST

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.

Is this article important for exams ? Yes12 People Agreed
Read more Current Affairs on: IBM , ABN Amro , computer infrastructure services

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK