ABN Amro renews its IT outsourcing contract with IBM and others

ABN Amro renews its IT outsourcing contract with IBM and others

ABN Amro is renewing its partnership agreement with with IBM, Tata Consultancy Services (TCS) and Infosys Technologies, according to India's Economic Times. In 2005 the Dutch bank agreed a five year EUR1.8 billion combined deal with the three firms and Accenture and Patni Computer Systems in 2005.

At that time IBM has a larger share of the contract with around EUR1.5 billion to maintain ABN Amro's global IT infrastructure - including servers, storage systems, data centres and desktops. Infosys Technologies and TCS assumed responsibility for maintaining and supporting software applications.

In light of the bank nationalization on the heels of the global financial crisis the IT outsourcing should be renewed with the three of the original five vendors.

IBM has been retained for managing communication networks, desktops and computer servers. It is also working on integrating the ABN Amro IT systems with those of recently merged Fortis by 2012. Around 300 Fortis employees are moving to Big Blue under the deal.

Meanwhile TCS is already working on new projects for the bank and Infosys has a "deep relationship" with it, leaving Accenture and Patni in a "tight spot" a source told the paper.