Business in the Burbs

IBM signs $472 million contract with utility

January

IBM Corp. has signed a $472 million contract to supply technology services to Endesa, a giant electric utility in Spain and Latin America. Under the seven-year contract, Armonk-based IBM will manage Endesa’s central technology network and systems used by 30,000 Endesa employees. Endesa is expected to cut its costs by 20 percent as a result of the agreement, according to IBM.

This entry was posted on Thursday, January 29th, 2009 at 4:40 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Contract

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