IBM has signed a 10-year information technology (IT) services agreement with Delhi Stock Exchange (DSE) to provide business continuity and disaster recovery services as well as remotely host and manage its IT infrastructure. The agreement is valued at INR110m.
IBM will build, host and manage the entire disaster recovery infrastructure for DSE from its data centre. It will also provide monitoring services for hardware and networking devices from its command centre. The agreement could save DSE 100% on IT expenditure, IBM claims.
IBM said that the agreement will help the exchange to meet the business continuity guidelines as laid out by the Securities and Exchange Board of India (SEBI) before it could resume its operations after a gap of six years.
Sidhu, executive director and CEO of DSE, said: As DSE looks to claim back its position as one of country’s leading stock exchanges, the agreement with IBM couldn’t have happened at a better time. As the world’s leading IT services company, IBM will bring immense value to the exchange by providing time-tested and world-class managed services – that would help DSE become operational and successful once again.
