TORONTO, April 16 IBM (IBM.N) has won a C$450
million ($372 million) deal to manage information technology
infrastructure for Canada's National Bank Financial Group
(NA.TO), the tech giant said on Thursday.
The seven-year deal is an early renewal of a contract that
was first signed in 2001. Its announcement comes a week after
IBM won a similar deal worth more than C$300 million with
Canadian insurance giant Sun Life Financial (SLF.TO) (SLF.N).
Services that IBM will provide National Bank include
mainframe, server management and end-user services.
The aim is to simplify the bank's information technology
infrastructure while making it more efficient and resilient,
(Reporting by Wojtek Dabrowski; editing by Rob Wilson)