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IT

Dexia, European financial firms tap IBM for IT support

Friday 6 December 2013 | 19:08 CET | News
IBM has announced it has signed an agreement with Dexia and several major financial institutions in Europe to build and manage their IT infrastructure previously managed by Associated Dexia Technology Services (ADTS). As a result of this agreement, IBM takes a controlling share in ADTS establishing an IBM company, renamed as Innovative Solutions for Finance (ISFF), with signed sourcing contracts at a total value of USD 1.3 billion over seven years. With this agreement, IBM will implement a cloud infrastructure to expand ISFF services into new markets and optimise the efficiency o fits

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Categories: IT
Countries: Europe
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