IBM wins 10-year IT services contract from co-operative bank

IBM today announced that it has signed a 10-year Information Technology (IT) services agreement with Gujarat-based Sardar Bhiladwala Pardi People’s Co-operative Bank (SBPPCB). The engagement will be in the form of a pay-as-you-go model, which will enable the bank to save up to 50 per cent in its capital expenditure on IT Infrastructure, IBM said in a statement.

The company did not specify the size of the contract.As part of the agreement, IBM will provide Managed Continuity Services encompassing server management, network & security management, back up & database management.