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IBM inks 10 year deal with ABN Amro

IBM introduces enterprise email solution

IBM has entered into a ten year deal with Dutch bank ABN Amro. As part of the multi-billion dollar deal IBM will provide computer infrastructure services. The deal has come at the right time as the US based firm is trying to capture the cloud computing market. IBM will deliver completely managed services for mainframe computers, servers, storage and end-user computing along with help desk and technical support. However, the companies have not yet disclosed any transactional details of the deal.

Last month, IBM has signed a contract with Germany’s Lufthansa for $1.25 billion. This deal helped the US firm to get into the airline’s information technology infrastructure services. In the quarterly results of the company IBM has stated a slowdown in its business and also decided to abandon its operating earnings target for 2015.

As per the Reuters report, IBM was also not able to keep pace with the cloud computing services from its established business selling computer consulting and software that customers run on internal computer systems. ABN Amro has signed the deal as the bank is focusing on its online banking vertical and will also be laying off some of the staff. This is due to increasing interest of the customers in online banking.


Heena Gupta

A reader at heart, this girl loves to express through writing. Her ears perk up as soon as she senses any tech molecule in the air. With the ability to use and navigate typical technologies she becomes a complete tech enthusiast. This post graduate in Mass Communication lives in the world of gadgets. Fiction, history and cartoons keep her busy in the free time. Her urge to grow mixed with excellent writing skills forces us to have her as a part of our workforce.

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