IBM, American Air parent in &#36;217M deal
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AMR Corp., the parent of American Airlines, is hiring International Business Machines Corp. to perform some of its personnel chores in a $217 million deal that will run for 7 1/2 years, the companies said Friday.
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Commitment to excellence over the past year has earned IBM Global Financing, a division of IBM (NYSE: IBM), recognition as an outstanding supplier to AT&amp;T Inc. (NYSE: T), one of the world's leading data, voice, wireless and Internet services providers.
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(InfoWorld) - IBM reported on Mar. 2 that it has signed American Airlines as its latest major human resources outsourcing customer, announcing a $217 million deal to take over much of the airline's personnel operations. TheÂ technology services giant reported that it will support HR functions including training, recruitment, and staffing -- along with related IT and call center support -- for all of American's 88,000 employees in the United States and Canada. Big Blue won the deal in tandem withÂ consultants Mercer HR Services, which will cover health and benefits and pension and payroll management aspects of the seven-and-a-half year contract. The deal with American represents only the latest in a string of major outsourcing agreements won by IBM, including anÂ IT services pact with rival Delta AirlinesÂ signed in Aug. 2006. Terms of the Delta agreement weren't made public, but IBM reported that it would partner with the airline's internal technology group to help oversee IT mainframe services and other infrastructure management operations. In July 2006, IBM announced another sizable HR services outsourcing deal, signing retailer CVS Pharmacy to a 10-year agreement covering many of the same business processes involved in the American Airlines contract. CVS cited the need to help patch together the 55,000 new employees it added over a two-year span of acquisitions as the primary motivation behind its outsourcing strategy. American, a subsidiary of AMR, said it is hoping the outsourcing pact can help it drive down costs and improve services for employees as well as find new ways to offer access to HR tools to workers. Representatives with AMR said that the company expects to save a total of $60 million over the course of the outsourcing arrangement with hopes to cut an additional $2 million per year in related administrative expenses. American will transfer the work currently being handled by roughly 200 of its employees via the agreement, said AMR spokeswoman Susan Gordon. A small number of those workers will be transferred over to IBM and the remaining people moved into other HR roles at the airline. A major element of the decision making process -- carried out by American over the last year-and-a-half -- was the consideration of IBM's ability to further modernize and streamline American's HR-related IT operations, she said. "The ability to work with IBM and take advantage of the technologies and processes they have in place was a key factor in this decision," said Gordon. "American will retain responsibility for strategy through the partnership with the transition of functions taking place over a period of two years." Researchers at Gartner estimated that the market for HR-related business process outsourcing reached $24.6 billion in 2006, a roughly 5 percent gain over 2005. However, the research firm has also predicted that some services providers might struggle with profitability during 2007, impeding growth of the U.S. sector of the market specifically. HR remains the largest segment of the worldwide business outsourcing market at 18.7 percent, Gartner reported, with payroll and benefits administration ranking as the most popular tasks that are being farmed out to service providers. According to a report published by researchers at Boston-based Ovum Summit in Aug. 2006, IBM topped rivals, including CA, Hewlett-Packard, and BMC Software, in several categories of a recent customer poll, winning praise as the industry's "most strategic IT management software vendor."
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BEIJING  - China signed contracts Monday worth nearly &#36;2.1 billion US to buy 23 Airbus jetliners and other German industrial goods.
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A federal bankruptcy court judge on Tuesday approved a &#36;117 million bid from Southwest Airlines  for assets of ATA Holdings Corp. , clearing the way for a deal that allows the airlines to sell tickets on some of each other's flights.
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US technology giant IBM is selling its personal computing business to China&#39;s biggest PC maker. The deal highlights China&#39;s growing economic clout and global reach.
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ATLANTA, Jan. 31  /PRNewswire/ -- American Software, Inc.  announces that it has joined IBM's ISV Advantage Initiative as a Premier Business Partner.
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AirTran Holdings Inc. , parent of AirTran Airways, said on Wednesday that despite being rejected several times, it still wants to buy Midwest Air Group Inc.  for almost $300 million.
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HONG KONG Air China, the nation&#39;s biggest international carrier, has raised 8.36 billion Hong Kong dollars, or $1.08 billion, in an initial public offering after pricing its shares at the high end of a target range, bankers involved in the sale said
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IBM , the world's largest  technology services company, said on Wednesday it will buy  privately held security and compliance testing software company  Watchfire Corp. for an undisclosed amount.
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The parent company of American Airlines, facing intense competition from low-cost-carriers and higher jet fuel costs, is hoping to refinance or replace an $834 million credit line, according to a newspaper report.
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IBM , the world&#39;s largest  technology services company, said on Wednesday it will buy  privately held security and compliance testing software company  Watchfire Corp. for an undisclosed amount.
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Boeing (BA :NYSE - news - research) shares slipped Monday after the plane maker and AMR (AMR :NYSE - news - research) agreed on a deal allowing the parent of American Airlines to defer 54 of 56 aircraft originally scheduled for delivery between 2006 and
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IBM announced Monday that it has won a 10-year contract from Honeywell International Inc. worth several hundred million dollars. The agreement between IBM&#39;s Engineering &amp; Technology Services unit and Honeywell&#39;s
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IBM  and Lehman Brothers  have agreed to pay nearly US$17 million for 7.7 percent of Kingdee International Software Group Ltd. , aiming to establish an alliance under which Big Blue will help the Chinese software firm re-design its products and expand globally.
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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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A FILING WITH the Securities and Exchange Commission shows that AMD has extended its existing deal with IBM. According to Investors.