IBM has signed a 10-year IT services agreement with an India-based Sardar Bhiladwala Pardi People’s Co-operative Bank (SBPPCB) in Gujarat. As part of the agreement, IBM will provide managed continuity services encompassing server management, network and security management, backup and database management.
The engagement, a complete operational expenditure (pay-as-you-go) model, is likely to save up to 50% in bank’s capital expenditure on IT infrastructure.
Ajay Shah, chairman of SBPPCB, said: “We believe IBM’s technology expertise and focus on delivering cost-efficient solutions will help us achieve our growth strategy and higher levels of customer satisfaction.”
Neeraj Sharma, director of integrated technology services at IBM India/South Asia, said: “This is a strategic win since it is aligned to IBM’s geo-expansion initiative and our focus on helping financial services clients. With businesses across the country sharpening their focus on cost-efficiency in these challenging times, IBM has once again proved its partnership value for small and mid-sized customers.
“We are excited about this opportunity with SBPPCB to offer managed services that will help them reduce their upfront IT expenditure. The fact that the bank decided to enter into a 10-year long agreement further reiterates the trust clients, big and small, have in IBM’s capabilities.”
