December 19, 2002 — (WEB HOST INDUSTRY REVIEW) — Service provider IBM (IBM.com) announced on Wednesday that corporate banking and securities company Deutsche Bank has signed a strategic outsourcing agreement through which Deutsche Bank will outsource its computer centers in continental Europe to IBM.
The contract, says IBM, is valued at approximately 2.5 billion Euros over a 10-year period, and includes the transitions of Deutsche Bank resources, systems and approximately 900 employees to IBM during the first quarter of 2003. Through the partnership, IBM will supply a range of telecommunication services.
The IT infrastructure area to be outsourced, says IBM, extends to computer centers and smaller sites in Belgium, Germany, Italy, Poland, Portugal, Switzerland, Spain and Luxembourg. IBM will take over employees in those countries, and setting up a new data center in Germany’s Rhine-Main region. The new facility, says IBM, will provide resiliency, building security and remote operating capabilities designed to provide non-disruptive operations and high availability services for Deutsche Bank and other IBM customers.
Deutsche Bank will take advantage of IBM’s e-business on demand technology, which will allow Deutsche Bank a more flexible answer to the changing financial services arena by integrating core business processes and systems.
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