IBM has signed a 10-year information technology (IT) services agreement with Gujarat-based Sardar Bhiladwala Pardi People’s Co-operative Bank (SBPPCB).
The company claims that the operational expenditure (pay-as-you-go) model, will enable the bank to save up to 50% in its capital expenditure on IT infrastructure. As part of the agreement, IBM will provide managed continuity services encompassing server management, network and security management, backup and database management.
The co-operative bank said that it has signed up with IBM to manage its IT infrastructure requirements remotely from IBM’s global management center in Bangalore.
Ajay Shah, chairman of Sardar Bhiladwala Pardi People’s Co-operative Bank, said: We have seen IBM’s track record in addressing unique requirements of banks like us in India. We are delighted with this partnership and have full confidence in the team to help us lead our growth in the days to come. 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. We are excited about this opportunity with Sardar Bhiladwala Pardi People’s Co-operative Bank to offer managed services that will help them reduce their upfront IT expenditure.
