Business in the Burbs

IBM signs technology contract with Japanese insurer

April

IBM Corp. said that it has signed a five-year extension to a technology outsourcing contract with Mitsui Sumitomo Insurance, a major financial services conglomerate in Japan.

As part of the agreement, Armonk-based IBM will manage Mitsui’s computer mainframe systems.

The new agreement follows an original ten-year contract signed by the companies in August 1999. Financial terms of the contract were not disclosed.

This entry was posted on Tuesday, April 7th, 2009 at 2:17 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Contract

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