01 September 2014
Find out more

IBM wins $600 million ING US Financial Services contract

17 December 2003  |  4173 views  |  0

Dutch banking group ING has signed a seven year contract, worth $600 million, with IBM for the supply of IT operating services across its US subsidiary.

Under the deal, IBM will operate ING US Financial Services' technology systems, consolidate mainframes and midrange computer operations and manage help desk, voice and data networks.

The agreement with IBM will enable ING to increase or decrease computing capacity as market demand changes and pay only for the capacity that it uses.

Paul Donovan, chief information officer, ING US Financial Services, says: "IBM's on demand computing model will propel ING US Financial Services' IT infrastructure to new levels of performance, efficiency and power."

IBM says it will also work with ING to introduce emerging technologies, including wireless access.

Separately, India-based ING Vysya Bank has signed a five year IT outsourcing contract, worth $20 million, with Bangalore-based iGate Global Solutions.

Under the contract, iGate will manage the bank's data centre operations, systems and network management and provide on-going support.

Bart Hellemans, CEO and managing director, ING Vysya, says: "Through their global experience and domain expertise iGate will ensure that our technology systems are a key differentiator for us."
KeywordsOUTSOURCING

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related stories

11 December, 2003
20 November, 2003
20 November, 2003
12 November, 2003
11 November, 2003
07 November, 2003
22 October, 2003
21 October, 2003
20 October, 2003
17 October, 2003
02 October, 2003

Related company news

 

Featured job

to AED 515,000 (including base & bonus), plus livi...
Dubai, UAE

Find your next job