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IBM International Business Machines Corp

166.74
1.03 (0.62%)
Last Updated: 14:59:02
Delayed by 15 minutes
Share Name Share Symbol Market Type
International Business Machines Corp NYSE:IBM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.03 0.62% 166.74 167.00 166.24 166.24 225,853 14:59:02

IBM Signs Deal to Manage Nordea Bank's IT Infrastructure

08/01/2019 12:58pm

Dow Jones News


International Business M... (NYSE:IBM)
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   By Kimberly Chin 
 

IBM Services, the professional-services arm of International Business Machines Corp. (IBM), has agreed to provide managed information-technology services to Nordea Bank.

Under the $540 million multiyear agreement, the bank will outsource the majority of its IBM Z mainframe servers and software operations to IBM.

Nordea, which has had a working relationship with IBM since 2003, will also transfer Nordea employees to IBM to work with the company on technology support.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

January 08, 2019 07:43 ET (12:43 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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