IBM Wins International Services Deals - 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
IT Leadership // IT Strategy

IBM Wins International Services Deals

Contract wins in India and Russia boost the company's global outsourcing unit.

IBM's Global Services unit is living up to its name. The unit, which accounts for about half of Big Blue's total annual revenue, has within the past week scored contract wins in India and Russia, IBM announced.

IBM said Monday that it had secured a 10-year deal to provide a range of technologies and services to India's Bharti Retail, which operates a chain of convenience stores on the subcontinent. The agreement extends an existing, four-year contract between the two companies.

Financial terms were not disclosed.

Under the enhanced deal, IBM will provide Bharti with data center and project management services. IBM will also help the retailer manage its applications, networks, and IT security requirements. Bharti Retail president and COO Vinod Sawhny said he hopes the deal with IBM "will provide a distinct competitive edge that will assist the company's vision and growth plans."

"Our partnership lays the foundation in which future business functions can be supported in the course of the next 10 years," said Sawhny, in a statement.

On Thursday, IBM announced that it has signed a three-year technology services agreement with Russian retailer Lenta. The deal is worth about $1 million, said IBM.

Lenta operates 31 so-called "hypermarkets" in Russia, and needs to build a more robust IT backbone to support its expansion plans. "The services contract, performed by IBM engineers on site, will help with hardware recovery times and thus facilitate Lenta's objective to reduce risks related to hardware operations," said IBM Russia infrastructure sales expert Grigoriy Davydov, in a statement.

IBM shares were off 1.36% to $123.22 in Monday afternoon trading as the markets trended lower on concerns about financial stocks and a fresh resurgence in oil prices.

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
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

Slideshows
10 Things Your Artificial Intelligence Initiative Needs to Succeed
Lisa Morgan, Freelance Writer,  4/20/2021
News
Tech Spending Climbs as Digital Business Initiatives Grow
Jessica Davis, Senior Editor, Enterprise Apps,  4/22/2021
Commentary
Optimizing the CIO and CFO Relationship
Mary E. Shacklett, Technology commentator and President of Transworld Data,  4/13/2021
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
Slideshows
Flash Poll