informa
/
1 MIN READ
News

Deutsche Bank Signs $2.5B Services Contract With IBM

Deutsche Bank is signing over operation and management of its main data centers and satellite-IT facilities across Europe.
IBM has signed what it says is its biggest services deal within Germany--a $2.5 billion, 10-year contract to provide a range of services for Frankfurt-based Deutsche Bank.

The company is taking over operation and management of Deutsche Bank's main data centers and satellite-IT facilities in locations across Europe, including Poland, Portugal, Switzerland, and Spain. IBM will also build a state-of-the-art data center in Germany's Rhine-Main region from which it will manage parts of Deutsche Bank's operations.

Deutsche Bank says buying computing power under IBM's variable pricing will save it $1 billion over 10 years. IBM recently unveiled its computing-as-utility model under an initiative called E-Business On Demand.

A number of large financial-services companies are turning to IT outsourcing as a way to trim costs. In fact, IBM says it's negotiating with J.P. Morgan Chase & Co. to secure a comprehensive outsourcing deal that could be worth up to $5 billion.

Editor's Choice
Brian T. Horowitz, Contributing Reporter
Samuel Greengard, Contributing Reporter
Nathan Eddy, Freelance Writer
Brandon Taylor, Digital Editorial Program Manager
Jessica Davis, Senior Editor
Cynthia Harvey, Freelance Journalist, InformationWeek
Sara Peters, Editor-in-Chief, InformationWeek / Network Computing