IBM has inked a $260 million multi-year services agreement with the Bank of the Philippine Islands, to provide IT infrastructure services to support an agile IT and hybrid cloud, as well as a range of digital development capabilities to speed up BPI’s digital transformation.
“Banks like BPI are going through a major shift and embracing a complete transformation of their business with advanced services to respond to the needs of today’s connected consumer,” said Martin Jetter, Senior Vice President, IBM Global Technology Services.
The news follows a raft of recent key cloud wins, including:
An agreement with France’s largest bank, BNP Paribas, to make IBM its premier cloud provider. “This is one of the largest hybrid cloud agreements in Europe, and is critical for the banking industry as more banks look for hybrid and secure ways to adopt cloud,” said IBM
A $550 million cloud services agreement with Vodafone through which IBM will deliver managed services to Vodafone Business’ cloud and hosting unit. A part of the partnership, IBM and Vodafone will collaborate on driving to the adoption of cloud technologies and innovative business applications enabled by 5G, Edge and Software Defined Networking.
A $325-million agreement with Juniper Networks in which IBM will assist the network technology sprcialist manage multiple cloud environments, including its existing infrastructure to help slash costs and speed its trajectory to the cloud.