IBM inks US&#36;1 billion outsourcing deal with Danish bank, shipping group
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COPENHAGEN  - IBM has signed a pair of outsourcing contracts worth more than &#36;1 billion US with two Danish companies, continuing the computer giant's push into northern Europe.
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Package deal: IBM (nyse: IBM - news - people ) added its 14th board member, Michael L. Eskew, chairman and chief executive of United Parcel Service (nyse: UPS - news - people ), on Tuesday.
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LONDON -- IBM has signed a 7-year Â£500 million deal with Lloyds TSB to enhance the Bank&#39;s voice and data services in support of next-generation business solutions.
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IBM said Monday that it is partnering with ACI Worldwide, an electronic payment software vendor, to create a payments system based on service oriented architecture (SOA) principles.ACI&#39;s software will be combined with IBM&#39;s System z mainframe, DB2 database, WebSphere middleware, Tivoli IT management software and Crypto-chip technology, according to an IBM statement. ACI also intends to host its software in IBM&#39;s data centers, for customers who desire an on-demand payments system.IBM said the combination of ACI&#39;s technology and its own will result in an SOA foundation that allows payment information to be shared throughout enterprises, many of which see a tangle of legacy systems strewn across their IT environments.The partnership will first result in a version of ACI&#39;s BASE24-eps online payments software optimized for System z; a wholesale payments product aimed at the Single Euro Payments Area (SEPA), and real-time fraud detection technology. Later, the companies will focus on smart card management, dispute management, online banking and a payment hub implementing IBM&#39;s Payments Framework, they said.ACI&#39;s customers include more than 110 of the world&#39;s top 500 banks, according to IBM.
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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.
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IBM said Monday it had sealed a 1.4 billion dollar, seven-year, global IT outsourcing deal with Britain&#39;s AstraZeneca, a major pharmaceutical group.
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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 &#36;971.6 million.
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IBM Global Financing, the lending division of IBM (NYSE: IBM) and the world's largest IT financier, announced today that it has signed a deal with the Canadian subsidiary of AbsoluteSKY, Inc.
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IBM has signed a $969-million deal to provide DSL-based Internet telephony and data services to Lloyds TSB, one of the largest banks in the UK.
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IBM (NYSE: IBM) today announced it has completed its acquisition of Vallent Corporation, a privately held software company based in Bellevue, Washington with more than 400 employees.  IBM announced a definitive agreement to acquire Vallent on November 28, 2006.
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IBMÂ has secured a business-consulting contract with U.K. insurance company Norwich Union that includes some work reconfiguring computer systems but focuses primarily on areas outside of technology, IBM said Thursday.
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Britain's BT Group Plc  is hoping to make a dramatic return to the United States with a &#36;1 billion acquisition of Californian telecoms group Infonet Services Corp. , the Sunday Times newspaper reported.
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IBM Corp. said Wednesday it is buying an Irish-based financial outsourcing firm, Equitant Ltd., as part of its transition from a computer-maker to a provider of financial outsourcing expertise.
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IBM Global Services has won a seven-year contract to manage the IT infrastructure for Danish financial payments organization Payment Business Services.  IBM will operate PBS's mainframes, midrange servers, and networks as part of the deal.
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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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Lenovo Group, China&#39;s personal computer giant, Wednesday signed a definitive agreement with IBM to acquire Big Blue&#39;s personal computer
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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.