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IBM and BES Ink Outsourcing Deal

Tuesday, July 22, 2008; Posted: 11:23 PM
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NEW YORK, Jul 22, 2008 (ASCRIBE NEWS via COMTEX) -- IBM | Quote | Chart | News | PowerRating -- Banco Espirito Santo (BES), a multi-specialist financial group in Portugal, and IBM, announced a seven-year outsourcing services agreement for IBM to manage the bank's information technology (IT) infrastructure.

The agreement, signed in June, expands the scope of a previous contract signed in 2006.

As part of the agreement, IBM will manage the entire BES server infrastructure in Portugal including administration, management and operation of the midrange infrastructure which is comprised of Intel and Unix servers as well as all the associated storage.

The agreement includes an infrastructure transformation and optimization program, with hardware standardization, consolidation and virtualization projects, as well as business continuity and resiliency services.

This agreement is part of BES' IT strategy, launched in 2006, that the company stated was to improve IT efficiency, as well as management processes, elevating service quality and assuring products and processes innovation.

"We are confident in IBM's ability to deliver and manage our infrastructure services, which was already proven during the previous two year contract signed in 2006," said Miguel Rio Tinto, President of Espirito Santo Informatica. "In addition, the quality and the competitiveness of the new offerings led us to select IBM again as a long term business partner."

Antonio Raposo de Lima, IBM Portugal director, Global Technology Services, said, "This contract confirms IBM's ability to respond to demanding performance levels in a market where the competitiveness and innovation are crucial factors for the consolidation of financial institutions."

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((Distributed via M2 Communications Ltd - http://www.m2.com))

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Comments on this story may be sent to newsdesk@closeupmedia.com

For full details on International Business Machines Corp (IBM) click here. International Business Machines Corp (IBM) has Short Term PowerRatings of 6. Details on International Business Machines Corp (IBM) Short Term PowerRatings is available at This Link.
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