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IBM (NYSE:IBM) has signed a $97 million information technology (IT) services agreement with the ACE Group (NYSE:ACE) a global leader in insurance and reinsurance. The revamped and extended contract will support ACE's infrastructure and application management environments in North America.
More specifically, IBM will provide mainframe, mid-range server, storage, network, and disaster recovery services as well as help desk, workstation, mobile device support, and application management services for a portion of ACE's portfolio. As part of the agreement, IBM will transform ACE's data center environment with consolidation, virtualization and standard tools and processes for improved service while lowering overall costs.
"We are pleased to continue our long-term IT services relationship with IBM and look forward to further service enhancements and cost efficiencies throughout our North American operations," said Kevin Shearan, Chief Information Officer, ACE Group.
"This contract further demonstrates IBM's commitment to providing ACE ...