Daishi Bank Extends Outsourcing Contract With IBM

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TOKYO - 16 Apr 2009: IBM today announced that Daishi Bank in Japan has extended its outsourcing contract for an additional six years. As part of the agreement, IBM Japan will manage the operation and maintenance of the company's information system and the development and maintenance of the applications.

IBM Japan was selected for the extended agreement based on its proven service quality and business contribution in the previous outsourcing agreement.

The new contract will extend the outsourcing scope to include planning support, operation and maintenance for the information system and applications. Additionally, IBM will provide central processing unit (CPU) and software resources according to the mainframe usage needed for accounting or information related operations. The on demand model will provide optimal IT resources and flexibility based on business requirements. This support by IBM Japan will help Daishi Bank aggressively realize its business strategy to enhance profitability and maintain a sound business.

The new agreement was signed in March 2009 and follows the original ten-year contract signed in April 2000.

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