IBM wins large consulting contract with Norwich Union
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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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(InfoWorld) - Banking and insurance conglomerate ING Group has finalized contracts worth â¬750 millionÂ ($994 million) with a consortium of companies to provide workspace services for its 53,000 employees in Europe. The contracts with Royal KPN, Getronics, Atos Origin, and AccentureÂ are each for seven years and cover the installation, maintenance, and support of desktop PCs, laptops, printers and telephones, the companies said Thursday. It's the biggest of three outsourcing deals that ING has finalized recently, worth a combined total of â¬1.3 billion. They are part of a cost-cutting plan announced last November that is designed to save the company â¬460 million per year, including â¬230 million from operations and IT. ABN AMRO Bank made a similar moveÂ last year, announcing a plan to outsource its IT operations worldwide in a series of deals worth â¬1.8 billion over five years. The bulk of that contract went to IBM. KPN took the biggest slice of the latest ING contract. It was awarded â¬269 million to provide fixed and mobile communications, call center, LAN (local area networking) and conferencing services for staff in the Netherlands and Belgium. Atos Origin was awarded â¬216 million to design and manage ING's back-end office automation, including e-mail and the active directory, and provide related support for end users. Getronics was awarded â¬213 million for help desk and on-site support for end users, as well as hardware purchasing and asset management. Accenture was awarded â¬52 million to be the "integrator," coordinating services and managing the supplier contracts. When ING announced an initial agreement with the four companies in July it said the contracts would run for five years and be worth about â¬800 million. It estimated that 550 full-time employees would be transferred to the contractors. That number will now be 430, it said Thursday. Of the earlier outsourcing contracts, on Nov. 6 ING finalized a six-year, â¬200 million deal with LogicaCMG for application management, IT maintenance and testing. And on Dec. 6 it signed a seven-year, â¬350 million contract with the U.K.'s Astron to process its banking and insurance documents.
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After days of speculation, computer services giant IBM Corp. announced Wednesday a US$1.75-billion deal to sell its PC business to Asia&#39;s largest computer maker.
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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 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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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&#39;s personnel operations.
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International Business Machines Corp.  IBM.N has settled for an undisclosed sum part of a  potentially multi-billion-dollar lawsuit over its pension plan,  a Wednesday court filing shows.
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LONDON -- IBM said Monday that it won a Â£500 million ($972 million), seven-year services contract to help move U.K. bank Lloyds TBS from its traditional voice infrastructure to a converged voice and data network.
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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 said Wednesday that it had agreed to pay $320 million to current and former employees to settle in part a class-action lawsuit over its pension plan in a case that may affect millions of workers at many companies and nonprofit organizations.
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Virginia Commonwealth University has awarded a $14 million contract to IBM (NYSE: IBM) for a telephony system that improves performance and lowers costs for the university and its medical center.
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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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NEW YORK -- IBM Corp. agreed to a deal Wednesday that all but settles a case in which 140,000 workers claimed the computer giant&#39;s pension plan discriminated against older workers.
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By MARTHA McKAY, The Record, Hackensack, N.J.  Dec. 10--Carmine Cacciavillani won the business equivalent of a  mega-bucks lottery a few weeks back.   He sold his company -- Palisades Technology Partners -- to mega-giant  IBM.
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IBM said Wednesday it had agreed to pay $320 million to its employees to settle in part a class-action lawsuit over its pension plan in a case that will affect millions of workers at many companies and nonprofits.
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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.
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Deal has Big Blue handling data acquisition and delivery, customer service, financial processes for business information provider.