Danish Tax Authority and IBM Announce 24 Million Euro, 3-Year Services Agreement
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The Danish Tax Authority, (SKAT) and IBM (NYSE: IBM) today announced a 24-million euro, 3-year services agreement to modernize SKAT's IT systems. IBM will manage the development, operation and maintenance of a digital account for tax transactions between SKAT and Danish businesses.
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International Business Machines Corp. said Monday it will provide voice and data services to British financial-services company Lloyds TSB Group PLC for seven years in a deal worth $971.6 million.
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Continuing its assault on the European IT outsourcing market, IBM Corp. has signed agreements to buy two Danish IT services companies and another to provide IT services to one of the country's largest banks.
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IBM has bolstered its presence in Scandinavia and beyond with two major IT services contracts and acquisitions involving Danish companies.
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IBM has signed a seven-year, &#36;969.2 million contract with British bank Lloyds TSB to supply it with Internet telephony and data services, IBM said on Monday.
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IBM has won a $972 million, seven-year services contract to help move U.K. bank Lloyds TBS to a converged voice and data network that improves connectivity for more than 2,000 national branches and 4,200 ATMs.
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Surge follows details of government's plan to convert Â£24bn of loans into bonds
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Samsung Electronics Co. and Sony Corp. have signed a licensing agreement to share 24,000 basic standard patents necessary for product development, Samsung officials said yesterday.
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Merck & Co Inc.  said on  Wednesday it agreed to settle tax disputes with the U.S.  Internal Revenue Service at a net cash cost of about $2.3  billion.
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On the occasion of its 30th anniversary in the semiconductor business, Samsung announced plans to invest $24 billion into semiconductor production over the next six years, an expansion that will create 10,000 new jobs.
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IBM Corp. and Advanced Micro Devices Inc. (AMD) have tacked a three-year extension onto their December 2002 collaboration agreement that could see the two companies work on chip-making technologies based on a 32 nanometer process. The agreement was set to expire at the end of 2005, but now extends until Dec. 31, 2008.
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IBM said Wednesday that it has sewn up outsourcing deals with two Danish companies valued at more than $1 billion over 10 years, reinforcing its strength in Europe.
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Sales in Europe were especially strong, rising 24 percent, the software maker says.
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IBM has agreed to pay $745 million for Telelogic AB, a Swedish developer of tools for managing large software development products.
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DigitalNet Holdings Inc. of Herndon will provide fingerprint identification services to the Homeland Security Department under a new $25 million contract.
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EuropeÂs biggest drug maker, said that it would pay $3.1 billion to settle a tax dispute with the United States government.
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IBM (NYSE: IBM) today announced that it has reached an agreement with  the U.S.