The services firm will provide computing and support services in partnership with a Belgian telecom provider.
Troubled IT services firm EDS said Friday it has signed a five-year deal to provide a range of computing and support services to the Flemish government in partnership with Belgian telecom provider Telindus Group. EDS says the Flemish government, which presides over Belgium's Flanders region, plans to spend a total of $513 million on IT technology and services over the life of the contract, the value of which will be determined by how much of that total the government steers toward the EDS-Telindus consortium.
Under the agreement, EDS and Telindus will provide the government with a range of application development, networking, and cybersecurity services. Many of the services will be provided at Telindus' International Service Center in Heverlee, Belgium.
EDS can use any cash generated by the deal. Earlier this week, the company issued $1.7 billion in long-term debt and saw its credit rating downgraded to a level just above junk-bond status by Moody's Investor Services. EDS said the downgrade, among other things, forced the company to meet a contractual obligation to make payment in full for a software contract valued at $227 million.
IT's Reputation: What the Data SaysInformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business really views IT's performance in delivering services - and, more important, powering innovation. Our results suggest IT leaders should worry less about whether they're getting enough resources and more about the relationships they have with business unit peers.
What The Business Really Thinks Of IT: 3 Hard TruthsThey say perception is reality. If so, many in-house IT departments have reason to worry. InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business views IT's performance in delivering services - and, more important, powering innovation. The news isn't great.
InformationWeek Must Reads Oct. 21, 2014InformationWeek's new Must Reads is a compendium of our best recent coverage of digital strategy. Learn why you should learn to embrace DevOps, how to avoid roadblocks for digital projects, what the five steps to API management are, and more.