IBM Hooks Up With Dutch Bank For 1.5 Billion Deal

    September 1, 2005

IBM announced today they’ve signed a 5-year, 1.5 billion deal with Dutch bank ABN AMRO for an on demand IT infrastructure. The contract supports ABN AMRO in its worldwide operations and IBM says it’s the most extensive rollout of their data center automation technology they call Universal Management Infrastructure.

Part of the deal includes IBM establishing an Innovation Center to develop advanced IT services to support new financial products. The new system will support PCs, PDAs, and associate printers, freeing the bank from maintaining and updating these systems.

“In the world of modern banking, technology drives customer satisfaction as well as bottom line results,” said Hugh Scott Barrett, COO and Managing Board Member, ABN AMRO. “IBM’s technology expertise, in conjunction with its knowledge of the banking industry will underpin the value of this global IT relationship, supporting ABN AMRO in building sustainable competitive growth for the organization.”

“ABN AMRO has a long history of innovation and customer service,” said Phil Guido, general manager, financial services sector, IBM Global Services. “Working with IBM, the bank is clearly moving to create a next-generation IT infrastructure, where on demand systems deliver superior performance and new products and services are rolled out faster than ever before.”

IBM is providing a number of services under the contract including data center management, maintaining computer platforms and application development services. They will also provide standardized infrastructure management for systems in Amsterdam, Chicago and Sao Paolo as well as smaller centers. This will include resources on demand and variable infrastructure pricing.

John Stith is a staff writer for WebProNews covering technology and business.