IBM Extends Strategic IT Services Relationship With American Express

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ARMONK, N.Y. - 28 Jul 2009: IBM (NYSE: IBM) today announced a five-year global information technology services agreement with American Express.

IBM will use its global delivery capabilities to manage the mid-range server environment for American Express and will deliver advanced levels of energy savings, standardization and virtualization using IBM's service management processes.

"As we strive to enhance the globally accessible financial services we offer our customers, we seek partners that can work with us to drive growth, improve performance and increase efficiency," said Steve Squeri, executive vice president and chief information officer at American Express. "We value our relationship and look forward to IBM's continued leadership in developing innovative solutions for our business."

"American Express is a renowned global brand and we are delighted to expand our relationship with the American Express team," said Mike Daniels, senior vice president and group executive, IBM Global Technology Services. "This agreement further demonstrates IBM's commitment to deliver the highest quality services and most advanced technologies that add value for our clients."

The agreement was signed on June 30, 2009, and follows prior agreements between the companies which include global mainframe services and application development and maintenance services.

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