$1.3 Billion Cloud Computing Service Delivery Deal Struck Between IBM, Dexia and Other European Financial Institutes

Grazed from GreatResponder.  Author: Maria Dehn.

IBM (NYSE:IBM) succeeded in getting the contract for managing the IT infrastructure of many financial institutes in Europe including Dexia (EBR:DEXB). IBM will manage the IT infrastructure of these companies and will migrate the services in the cloud to pave the way for cloud based services of these financial organizations across Europe.

Greatresponder.com – This announcement was made public by IBM through a statement. The statement says that IBM will take charge of the IT infrastructure of many financial institutes operating in the European region to manage and transform it into the cloud based services. In this statement, General Manager Strategic Outsourcing at IBM Europe region Bart Van Den Daele elaborated the deal that “Our integrated transformational approach, the introduction of new and innovative technologies and solutions, like the cloud and analytics and our expertise in the financial sector will enable these customers to differentiate themselves in an accelerated way versus their  competitors in their respective markets”…


According to the spirit of this agreement, IBM will take the controlling share in Associated Dexia Technology Services or ADTS and will rename it as an IBM company called as “Innovative Solution For Finance” or ISFF. This contract will be valid over a time span of seven years and during this time period, the IT giant IBM would implement the modern cloud computing based technologies into the IT infrastructure of these companies and would upgrade the entire system to level. IBM will also pursue to expand the business of ISFF to new markets in the Europe by exploring the power of cloud computing and technological leadership in the industry…

Read more from the source @ http://greatresponder.com/2013/12/07/cloud-computing-service-delivery-ibm-dexia/