17 August 2017
Find out more

WestLB transfers IT to HP

20 October 2004  |  4406 views  |  0 HP

German bank WestLB has handed a five-year, $500 million contract to HP for the management of its global IT infrastructure and development of Web and office applications.

With an expected implementation starting on 1 January, 2005, the deal calls for the transfer to HP of about 450 bank employees in Düsseldorf, London, New York and Tokyo.

HP expects to provide services ranging from application to infrastructure management, incorporating the global management of WestLB's desktop environment, including mail systems, workplace technology and telephony. HP will also be responsible for the management and operation of the bank's networks, and the development and support of its Website and Intranet. In addition, the vendor will provide customer support and project services.

Klaus-Michael Geiger, a member of WestLB´s managing board, says: "HP offered us a convincing customised service package that will provide flexible and cost-efficient solutions. In addition, it is supported by a cogent strategy for the employees of WestLB Systems."

HP says it plans to support WestLB's IT environment based on its 'Adaptive Enterprise' strategy, which is designed to help companies synchronise business and IT to capitalise on change.
KeywordsOUTSOURCING

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

Norwich Union outsources document processing to Williams Lea

Norwich Union outsources document processing to Williams Lea

19 October 2004  |  6916 views  |  0 comments
JPMorgan Chase terminates IBM outsourcing contract

JPMorgan Chase terminates IBM outsourcing contract

15 September 2004  |  9113 views  |  0 comments
Siemens wins EUR15 million IT support deal with Portugal's CGD

Siemens wins EUR15 million IT support deal with Portugal's CGD

27 August 2004  |  3189 views  |  0 comments
CSC seals $1.3bn Zurich Financial Services outsourcing deal

CSC seals $1.3bn Zurich Financial Services outsourcing deal

26 July 2004  |  8602 views  |  0 comments
EDS signs $1.1bn contract with Bank of America

EDS signs $1.1bn contract with Bank of America

19 July 2004  |  6980 views  |  0 comments
HP wins TD Bank outsourcing deal

HP wins TD Bank outsourcing deal

13 July 2004  |  5453 views  |  0 comments
Lloyds TSB and IBM in £1 billion outsourcing talks - reports

Lloyds TSB and IBM in £1 billion outsourcing talks - reports

25 May 2004  |  10175 views  |  0 comments | 1 tweets
Bank of India awards HP ten-year IT outsourcing deal

Bank of India awards HP ten-year IT outsourcing deal

25 February 2004  |  8123 views  |  0 comments
HP seals $600 million Bank of Ireland outsourcing deal

HP seals $600 million Bank of Ireland outsourcing deal

28 November 2003  |  8675 views  |  0 comments
WestLB outsources trade processing and risk

WestLB outsources trade processing and risk

01 October 2002  |  3323 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.euvisit www.niceactimize.com

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10429 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9826 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9743 views comments | 8 tweets | 15 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8138 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7615 views 0 | 1 tweets | 8 linkedin

Featured job

Find your next job