IBM scores $1B in Danish contracts
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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.ADVERTISEMENTWhite Paper: Converged Services Spell ReliefDiscover why technical decision makers are turning to IP telephony and VPNs to increase worker productivity while keeping an eye on the bottom line.
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IBM &lt;IBM.N&gt; and Lehman Brothers &lt;LEH.N&gt; have agreed to pay nearly US$17 million for 7.7 percent of Kingdee International Software Group Ltd. &lt;0268.HK&gt;, aiming to establish an alliance under which Big Blue will help the Chinese software firm re-design its...
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IBM Corp. expects about $1 billion in revenue from India, as the company&#39;s hardware and services business in the local market soars.The company made $700 million in revenue from India last year, said a company spokesman Monday. In the first three quarters of this year, the company posted revenue growth of 39 percent over the previous year. &quot;At the current growth rates, we expect revenue of $1 billion for the year,&quot; the spokesman added.Unlike Indian outsourcers who have mainly focused on more lucrative contracts abroad, multinational services companies like IBM have focused on the growing Indian outsourcing market.IBM India&#39;s contribution to IBM&#39;s global revenue is higher if the revenues from services delivered from India to global customers are also included. These are higher than domestic revenue and growing faster, said the IBM spokesman who did not give exact figures. This is however included in the revenue of the country in which the services have been contracted, and are not reflected in IBM&#39;s India revenues, he added.India is a key hub for the global delivery of services by IBM, as the company takes advantage of the country&#39;s large pool of skilled manpower.Reports, including in The Wall Street Journal, quoted an IBM official in the U.S. as saying that the company has increased its staff in India to 73,000 this year. The IBM India spokesman was unable to confirm this data immediately, but he confirmed that the company had 53,000 staff in the country at the end of last year.Although the company does not break down the number of staff it has in offshore software development and services in India, most of the new additions are likely to have been made in the company&#39;s outsourcing operations based in India, with the rest of the additions in sales and marketing.The expansion by IBM in India comes even as staff availability there has gotten tighter and salaries are on the increase. India is still attractive to foreign companies to set up software development and services subsidiaries or outsource work, as salaries are still competitive and the talent pool is large, said Siddharth Pai, a partner at outsourcing consultancy firm Technology Partners International Inc (TPI) in Houston, in an interview last month.
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OCTOBER 21, 2004  - IBM has signed a seven-year, $180 million IT outsourcing deal with Short Hills, NJ-based Dun &amp; Bradstreet Corp.
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IBM has won a long-term contract from Honeywell worth several hundred million dollars, its largest military/aerospace engineering contract since IBM exited the field a decade ago, it said on Monday.
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As blue chip companies in developed marketsÂ scramble to outsourceÂ high-cost jobs to low-cost countries, one of the world's biggest technology companies -- IBMÂ -- seems content to keep more than 1,800 highly trained, well-paid IT engineers at its R&D (research and development) lab in BÃ¶blingen, Germany.
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IBM Corp has signed a seven-year deal to manage the voice and data services of London, UK-based financial institution Lloyds TSB. The contract is estimated to be worth $972.5 million.
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BEIJING - Lenovo Group has agreed to pay US$1.25 billion ($1.75 billion) for IBM&#39;s personal computer business, lifting China&#39;s largest PC maker to third in global rankings and giving it a globally recognised brand.
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IBM (NYSE: IBM) today announced Thoma Cressey's recent investment of over one hundred million dollars in technology companies that serve users of IBM's "all-in-one" System i business computing platform.
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IBM has signed a seven-year IT outsourcing deal with Dun & Bradstreet under which it will transform and manage key business functions and financial operations for the company.
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Lenovo, China&#39;s largest personal computer maker, will pay US$1.75 billion (HK$13.65 billion) in cash, stock and assumed debt for IBM&#39;s struggling PC operations in a move that will make it the world&#39;s third-biggest PC manufacturer and fulfil its long-held
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IBM Global Services has won a 10-year MYR 425m ($122m) IT services contract with Malaysian financial services group Affin Bank Bhd.
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Lenovo Group Ltd., China&#39;s biggest personal computer maker, agreed to pay $1.25 billion for International Business Machines Corp.
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Big Blue will spend $745 million for Swedish company, whose products are used to design, write and test complex software.
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IBM has reached an agreement in principle to sell its personal computer business to Lenovo Group, China&#39;s largest PC maker, in a deal valued at $1 billion to $2 billion, people close to the negotiations said.
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ARMONK, N.Y. -- IBM Corp. said Monday it has won a $1.4 billion outsourcing contract from AstraZeneca PLC, a seven-year deal aimed at helping the British pharmaceutical company manage its internal technology operations.
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U.S. stocks to watch on Wednesday: IBM CORP. : The computer maker said it sealed deals worth more than &#36;1 billion in new work with two European companies from which the information technology company just acquired two Danish services providers.