ARMONK, N.Y. and
BRUSSELS, Dec. 6, 2013
/PRNewswire/ -- IBM (NYSE: IBM) today announced that it has
signed an agreement with Dexia (Euronext: DEXB) and several major
financial institutions in Europe
to build and manage their IT infrastructure previously managed by
Associated Dexia Technology Services (ADTS). As a result of this
agreement, IBM takes a controlling share in ADTS establishing an
IBM company, renamed as Innovative Solutions for Finance (ISFF),
with signed sourcing contracts at a total value of 1.3 billion US Dollars over seven years. With
this agreement, IBM will implement a cloud infrastructure to expand
ISFF services into new markets and optimize the efficiency of its
existing information technology management.
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Associated Dexia Technology Services was founded in 2006 to
deliver IT services to financial institutions formerly within the
Dexia Group, such as Belfius Bank, Belfius Insurance and Banque
Internationale a Luxembourg.
Karel De Boeck, Chief Executive
Officer of the Dexia Group declared: "Since 2006 Dexia has
shouldered and encouraged the development of ADTS providing quality
service for various entities formerly within the group. After a
long and careful selection process, Dexia has chosen a strong
partner endorsing a new industrial future for the company and its
employees. At the same time, this agreement is yet another
significant step forward in the Group's orderly resolution."
The agreement enables Dexia and the ISFF clients formerly within
the Dexia Group to segregate themselves as customers and pursue
their own business and IT investment strategy.
The new cloud based infrastructure will deliver significant
benefits for each financial institution, including fast access to
new and innovative services that meet growing demand in
Europe. The private cloud
environment will enhance risk management, improve service delivery
levels and reduce operating cost.
IBM will leverage its market and technological expertise, as
well as research capabilities to transform the IT infrastructure of
these institutions, gaining significant levels of efficiency and
competitiveness.
"Our integrated transformational approach, the introduction of
new and innovative technologies and solutions, like cloud and
analytics and our expertise in the financial sector will enable
these customers to differentiate themselves in an accelerated way
versus their competitors in their respective markets" says
Bart van den Daele, General Manager
Strategic Outsourcing, IBM Europe.
For more information about IBM: ibm.com
Media Contact IBM
Trink Guarino
IBM Director, ExternalCommunications – GTS
T: 1-914-766-4266
E:guarino@us.ibm.com
Yves Van Seters
IBM Media Relations Benelux
T: +32 478 27 10 33
E : Yvanseters@be.ibm.com
Twitter : @YvesVS
Media Contact Dexia
Carolina Junius-Tchekhoff
Dexia SA, Head of Communication & Brand
Brussels: +32 2 213 57 97
Paris: +33 1 58 58 86 75
E: caroline.junius@dexia.com
pressdexia@dexia.com
SOURCE IBM