Bank Of America Chooses EDS To Integrate FleetBoston's Networks
Under terms of a 10-year, $1.1 billion deal, EDS will help to integrate and manage the networks of FleetBoston, which Bank of America acquired in April.
Bank of America Corp. on Monday chose EDS to help it integrate and manage the voice and data networks of FleetBoston Financial Corp. Bank of America acquired FleetBoston in April for $47 billion.
Under terms of an eight-year, $1.1 billion deal, EDS will work to create a unified voice and data network for the combined operations of Bank of America and FleetBoston that will support Internet banking, ATM transactions, and retail services across the United States. Including FleetBoston's facilities, Bank of America now operates about 5,700 retail banking centers in 29 states and the District of Columbia.
Dan Allison, a global sales VP at EDS, says the banks' networks are "not too dissimilar" and expects most of the integration work will be completed in 18 to 24 months. "After that, we'll be managing the network and introducing new technology as it becomes available," Allison said.
As part of the deal, about 150 FleetBoston IT workers will transfer to EDS. The integration deal is in addition to EDS's existing 10-year, $4.5 billion contract to manage Bank of America's voice and data networks. That deal was signed early last year.
2014 Next-Gen WAN SurveyWhile 68% say demand for WAN bandwidth will increase, just 15% are in the process of bringing new services or more capacity online now. For 26%, cost is the problem. Enter vendors from Aryaka to Cisco to Pertino, all looking to use cloud to transform how IT delivers wide-area connectivity.
The UC Infrastructure TrapWorries about subpar networks tanking unified communications programs could be valid: Thirty-one percent of respondents have rolled capabilities out to less than 10% of users vs. 21% delivering UC to 76% or more. Is low uptake a result of strained infrastructures delivering poor performance?