IBM Signs 10-Year Multi-Billion Dollar Agreement with Dutch Bank ABN Amro

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IBM has signed a 10-year long multi-billion dollar deal to provide computer infrastructure services to Dutch bank ABN Amro running on its cloud systems, the company announced on Monday. As part of the agreement, IBM will provide fully managed services for mainframe, servers, storage, end-user computing, help desk as well as application support. However, the financial details of the deal is still undisclosed.

Netherlands-based, ABN AMRO serves retail, private and corporate banking customers. “With this agreement we will further speed-up the transformation of ABN AMRO enabling the latest technology and services.,” said Piet Bil, IBM Managing Director for ABN AMRO.

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According to a report by Synergy Research Group, both Microsoft and IBM are growing fast in cloud infrastructure services, with 164 percent and 86 percent revenue growth rates over the past year. In order to Strengthen Security in Its Cloud Computing Offerings, IBM had acquired security software provider company, CrossIdeas in August for an undisclosed amount.

Also, in April, IBM had launched a new cloud marketplace to provide a single online destination to its vast portfolio of cloud capabilities and  third-party services.

Last month, ABN Amro also announced that it will invest in improved online banking as customers managed their finances online.

Image Source: Cepis

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