M-real embraces IBM's deep industry knowledge in major IT services agreement IBM business consulting services to support M-Real in its business transformation.

0 Comments | M2 Presswire, June, 2003

M2 PRESSWIRE-13 June 2003-IBM: M-real embraces IBM's deep industry knowledge in major IT services agreement IBM business consulting services to support M-Real in its business transformation(C)1994-2003 M2 COMMUNICATIONS LTD RDATE:11062003 HELSINKI -- M-real, one of Europe's leading suppliers of paper and paperboard, and IBM have signed a major IT and consulting services agreement under which IBM will manage and enhance both M-real's business applications, including SAP and Mill Execution Systems, and M-real's technology infrastructure towards a more flexible and resilient model.

The agreement is valued at approximately 550 million Euros over a 10 year period and will gradually lead to 35 percent reduction in M-real's IT costs. Approximately 300 people...