EDS Inks Deal With Flemish Government - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Business & Finance

EDS Inks Deal With Flemish Government

The services firm will provide computing and support services in partnership with a Belgian telecom provider.

Troubled IT services firm EDS said Friday it has signed a five-year deal to provide a range of computing and support services to the Flemish government in partnership with Belgian telecom provider Telindus Group. EDS says the Flemish government, which presides over Belgium's Flanders region, plans to spend a total of $513 million on IT technology and services over the life of the contract, the value of which will be determined by how much of that total the government steers toward the EDS-Telindus consortium.

Under the agreement, EDS and Telindus will provide the government with a range of application development, networking, and cybersecurity services. Many of the services will be provided at Telindus' International Service Center in Heverlee, Belgium.

EDS can use any cash generated by the deal. Earlier this week, the company issued $1.7 billion in long-term debt and saw its credit rating downgraded to a level just above junk-bond status by Moody's Investor Services. EDS said the downgrade, among other things, forced the company to meet a contractual obligation to make payment in full for a software contract valued at $227 million.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
The State of Chatbots: Pandemic Edition
Jessica Davis, Senior Editor, Enterprise Apps,  9/10/2020
Commentary
Deloitte on Cloud, the Edge, and Enterprise Expectations
Joao-Pierre S. Ruth, Senior Writer,  9/14/2020
Slideshows
Data Science: How the Pandemic Has Affected 10 Popular Jobs
Cynthia Harvey, Freelance Journalist, InformationWeek,  9/9/2020
Register for InformationWeek Newsletters
Video
Current Issue
IT Automation Transforms Network Management
In this special report we will examine the layers of automation and orchestration in IT operations, and how they can provide high availability and greater scale for modern applications and business demands.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll