ARMONK, N.Y. and KISTA,
Sweden, Jan. 8, 2019 /PRNewswire/ -- Today, IBM Services
(NYSE: IBM) announced that they signed a managed services agreement
with Nordea, under which Nordea Bank
will outsource its IBM Z operations to IBM.
The $540 million multi-year
agreement continues to build on the success of the Nordea-IBM
relationship that began in 2003.
By outsourcing its majority of IBM Z infrastructure services in
5 countries, Nordea will have continued access to the latest
technology advancements, including cognitive services, while at the
same time maintaining a sustainable IBM Z organization.
"As we continue to grow our long-standing relationship with
Nordea, we are looking forward to working with them to drive their
digital progress with IBM Services," said Martin Jetter, senior vice president, IBM Global
Technology Services. "Our latest agreement will help Nordea
accelerate its leadership as one of the largest financial services
organizations in the Nordics and provide a solid path to bringing
new efficiencies in their digital transformation."
As part of the agreement, a group of Nordea employees will
transfer to IBM. The employees who are transferring to IBM will
have an opportunity to be part of a leading technology company.
The Managed Service contract that has been signed between Nordea
and IBM relies on an active relationship between the two companies.
It differs from previous mainframe contract, having had the unique
opportunity to write up a Service Level Agreement based on
first-hand experience of running the Nordea mainframe.
The contract negotiations with IBM have resulted in an agreement
with the best possible outcome in relation to helping to ensure a
sustainable and protected IBM Z set-up, based on Nordea's current
and future needs.
About IBM Services:
IBM Services designs, builds,
and runs the foundational systems and services that is the backbone
of the world's economy. The clients IBM Services Support
include:
- 4 out of the top 5 airlines by revenue
- 8 out of 10 leading mobile operators
- 8 out of 10 largest automobile manufacturers
- 10 out of 10 world's largest banks are assets
- 4 out of 10 largest global retailers
- 7 out of 10 biggest insurance companies
Media Contacts:
Lennart Malm
IBM Media Relations
lennart.malm@se.ibm.com
46-(0)70-7934184
Tricia Vuiton
IBM Media Relations
tavuiton@us.ibm.com
(914) 765-4980
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SOURCE IBM