Mitsui Sumitomo Insurance Has Extended Its Strategic Outsourcing Contract With IBM

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Tue Apr 7, 2009 11:00am EDT 

  TOKYO, Apr 07 (MARKET WIRE) -- 
IBM (NYSE: IBM) today announced that Mitsui Sumitomo Insurance in Japan
has extended its strategic outsourcing contract for an additional five
years. As part of the agreement, IBM Japan will manage the operation and
maintenance of the company's IBM mainframe systems.

    Mitsui Sumitomo Insurance has a business plan to become a world leading
insurance and financial group by 2010 and advocates providing
high-quality, competitive business services. To support this strategy,
IBM Japan will help improve the quality of the information technology
(IT) system, which is the foundation of the insurance group's operation.

    IBM Japan was selected for the extended agreement based on its proven
ability to improve IT management capabilities, quality of maintenance and
reduce IT cost. Through the new contract, the outsourcing scope will be
extended to include the operation and management of data processing. IBM
will also enhance process automation and system efficiency to realize
higher quality of operation and management services and improve service
quality by using IBM's latest technologies.

    The new agreement was signed in March 2009 and follows the original
ten-year contract signed in August 1999.

    About IBM

    For more information, visit www.ibm.com/services.

    

Media Contacts:

Kazuhiro Kaneko
IBM Japan Communications
kazk@jp.ibm.com
Tel: 03-5563-4310

Jenna Gable
IBM Media Relations
gablej@us.ibm.com
Tel: 917-472-3512

Copyright 2009, Market Wire, All rights reserved.

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