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IBM Wins Series Of Bank Technology Deals

The firms are using various IBM products, including System Z mainframes, intrusion-prevention technology, Proventia network protection, storage equipment, and Web hosting.
IBM has won deals to refresh and manage computer technology at three major banks outside the United States, the company said Wednesday.

Dublin-based Allied Irish Bank has tapped IBM for a three-year engagement to "transform" its banking systems, IBM said. The deal is worth $66 million.

Under the agreement, IBM will implement and help manage a banking system for Allied Irish that runs on IBM's System Z mainframe servers.

IBM also disclosed Wednesday that the Bank of London and the Middle East will install network intrusion-prevention technology from IBM's Internet Security Systems division.

The bank, which was launched in the United Kingdom in 2007, will use IBM's Proventia network protection technology to guard against data theft and to comply with British banking regulations that require the use of such technology.

Terms of the deal weren't disclosed.

Finally, IBM said Wednesday that South Africa's Standard Bank has chosen IBM to revamp the technology infrastructure at its operations in Argentina.

As part of the deal, terms of which weren't disclosed, IBM will install and manage a range of IT platforms for Standard's operations in the country, including mainframe computers, network operations, storage equipment, and Web hosting.

The agreement was signed in June 2007 but not disclosed by IBM until this week.

IBM is scheduled to report earnings for the fourth quarter and full year 2007 after the close of trading on Thursday. Sales of outsourced services last year accounted for about half of the company's total revenues.