IBM wins $372 mn deal

IBM has won a C$450 million ($372 million) deal to manage information technology infrastructure for Canada's National Bank Financial Group, 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. 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, IBM said.