ICL, a manufacturing company headquartered in the coastal city of Tel Aviv, produces fertilisers including potash, phosphate, magnesium and bromine, Xinhua news agency reported.
According to ICL's claim, the company decided in 2012 to create a harmonious information platform to process mass data for its constant acquisition of companies and mergers.
"IBM's failures have taken various forms, including poor work, lack of knowledge, experience, resources and skilled personnel," ICL claimed.
According to ICL, it invested nearly $300 million in the project, of which more than $100 million were paid to IBM.
In response, IBM described the allegations as "groundless," saying it will defend itself "decisively" in court.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)