Campbell's Extends Technology Services Agreement With IBM

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ARMONK, NY - 01 Apr 2009: IBM (NYSE: IBM) today announced that the Campbell Soup Company (NYSE: CPB) has signed a 65-month agreement for information technology (IT) outsourcing services. Campbell and IBM have been IT services partners since 1994.

As part of the agreement, IBM will provide IT infrastructure services, network support, application maintenance services and security services from IBM Internet Security Systems. IBM will offer infrastructure services on demand for enhanced cost efficiency and increased flexibility. IBM's global delivery centers will support Campbell's operations in North America, Asia Pacific and Europe.

"IBM's ability to deliver quality services that help us achieve our business goals is the main reason for our long-term, successful relationship," said Joe Spagnoletti, CIO, Campbell Soup Company. "In a competitive environment, it is important to have a partner that understands our business and provides added value."

"The current market is driving companies of all industries to aggressively manage their operations," said Justin Dragoo, IBM Global Technology Services, Vice President of Consumer Products. "By leveraging IBM's applications management, dynamic infrastructure and industry expertise, Campbell Soup Company will be able to reduce costs and adapt quickly to this challenging global economy."

The agreement was signed on March 3, 2009.

About Campbell Soup Company
Campbell Soup Company is a global manufacturer and marketer of high-quality foods and simple meals, including soup, baked snacks, and healthy beverages. Founded in 1869, the company has a portfolio of market-leading brands, including "Campbell's," "Pepperidge Farm," "Arnott's," and "V8." For more information on the company, visit Campbell's website at

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