18 January 2018
visit http://response.ncr.com

Morgan Stanley looks to 'on demand' savings from IBM contract extension

27 April 2004  |  4605 views  |  0 IBM

Morgan Stanley says it expects to save millions of dollars under a new software and services 'on demand' contract with IBM.

The approximately $575 million, five-year contract extension will introduce variable pricing as the financial services firm draws its back-end computing power from a shared data centre.

Under the new infrastructure, IBM is introducing a metering system so that Morgan Stanley pays only for the computing power it uses. Processing power, storage capacity and networking bandwidth will be supplied automatically, dialed up and down as needs dictate.

IBM will also provide help desk and desk side support as a managed service to approximately 20,000 users in Morgan Stanley's Individual Investor Group.

IBM describes the migration of Morgan Stanley's processing to an 'on demand data centre', as a significant vote of confidence in its future business strategy for offering software on tap

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Morgan Stanley buys risk firm Barra for $816.4m

Morgan Stanley buys risk firm Barra for $816.4m

06 April 2004  |  12810 views  |  0 comments
IBM to acquire Candle

IBM to acquire Candle

01 April 2004  |  3813 views  |  0 comments
IBM aims at four billion dollar Basel market

IBM aims at four billion dollar Basel market

16 March 2004  |  6207 views  |  0 comments
IBM may lose $5 billion JPMorgan Chase contract - Bloomberg

IBM may lose $5 billion JPMorgan Chase contract - Bloomberg

11 March 2004  |  8027 views  |  0 comments
Morgan Stanley advances Linux migration

Morgan Stanley advances Linux migration

23 January 2003  |  4765 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.thomsonreuters.infovisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdownBuffett rubbishes cryptocurrencies; South...
11849 views comments | 16 tweets | 17 linkedin
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
10133 views comments | 32 tweets | 35 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
9834 views comments | 17 tweets | 18 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
9532 views comments | 17 tweets | 14 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9453 views comments | 14 tweets | 16 linkedin

Featured job

New York, NY - USA (some flexibility on location)

Find your next job