Blade Watch

Finextra

Canada’s National Bank Financial Group has agreed a seven year extension, worth C$450 million, to its IT infrastructure management deal with IBM.

The deal – an early renewal of a contract signed in 2001 – will see IBM manage the group’s information technology infrastructure including mainframe, server management and end-user services.

The vendor will oversee the implementation of new server technologies, standardised processes and an integrated set of enterprise tools in a bid to simplify the bank’s IT infrastructure.

Saad Toma, general manager, global technology services, IBM Canada, says the firm “will deliver cost-effective and flexible services in support of the Financial Group’s growth strategies”.

Outsourcing elements of the IT infrastructure remains a concept that works for many, that Canada’s National Bank Financial Group is benefiting from this deal is all that matters. I wonder what range of technologies are being used to achieve this, virtualization/grid?

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