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Industry: Email Alert RSS FeedJP Morgan Chase chooses IBM for outsourcing deal - Brief Article
Telecomworldwire, Jan 6, 2003
TELECOMWORLDWIRE-6 January 2003-JP Morgan Chase chooses IBM for outsourcing deal(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com
Banking group JP Morgan Chase has awarded a seven-year outsourcing contract worth USD5bn to IBM.
Under the terms of the agreement JP Morgan Chase will transfer around 4,000 employees and contractors, some resources and a number of systems to IBM in the first half of 2003. IBM will use its Blue Typhoon applications to connect JP Morgan Chase's servers, storage devices and other systems.
A spokesperson for JP Morgan Chase said that the move was designed to improve the group's technology infrastructure.
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