Published:
IBM to Manage IT Infrastructure for Payment Business Services
IBM (NYSE: IBM) and Payment Business
Services (PBS), Denmark's leading provider of payment services, today
announced a seven-year strategic services agreement for IBM to manage PBS'
IT infrastructure. The agreement comes into effect on April 1st, 2007.
The contract covers the operations and maintenance of PBS' IT
infrastructure -- including mainframe, mid-range servers and network. IBM
will provide a flexible solution expected to bring significant cost savings
to PBS and enable the company to grow and strengthen its position in
Denmark and abroad. PBS operates in Denmark and the Nordic region and is
planning to become a significant player in the northern-European market.
PBS develops and operates solutions for payment systems to banks, private
businesses and public institutions. The company is also the largest card
processor in the Nordic countries measured by transaction volume, and
provides services to Danish and foreign card acquirers and issuers.
With 1.5 billion transactions processed in 2006, PBS needed a partner to
ensure flexibility in managing the growing number of transactions. PBS will
leverage IBM's leadership within IT services and retain responsibility for
system operation and client relationships.
"As we continue to focus on the development and operation of payment
services, our core business, we also want a strong IT partner who can meet
our requirements for flexible, scalable solutions and support our
international growth strategy," says PBS CEO Flemming L. Jensen.
"The payments space is rapidly evolving through ongoing mergers and
acquisitions and the introduction of new ways for banking consumers to
conduct transactions using mobile phones, smart cards and radio frequency
identification (RFID)," says Sven Kolstrup, Country Executive, Global
Technology Services, IBM Denmark. "Financial firms like PBS have an
opportunity to capitalize on these and other emerging market trends to grow
their business and compete on a global stage, based on a flexible and open
IT infrastructure from IBM."
71 IT specialists from PBS will transfer to IBM.
About IBM
For more information, please visit www.ibm.com
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