Equifax extends IBM outsourcing agreement

Equifax extends IBM outsourcing agreement

Atlanta-based credit reporting agency Equifax has signed a new outsourcing agreement with IBM for the supply and provision of global 'on-demand' technology services for its operations in the US, Canada and Europe.

The new deal adds additional scope and five and half years to an existing contract, providing $400 million in additional estimated revenue to IBM for a total contract value of $800 million.

Under the contract, IBM will manage Equifax's mainframes, mid-range servers, Web systems, networks and global help desk. IBM will also provide an advanced enterprise system and asset management tools.

Thomas Chapman, chairman and CEO, Equifax, says: "This innovative agreement is another significant step forward. It provides Equifax a global technology infrastructure that is responsive to changes in demand."

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