Equifax and IBM Sign Information Technology Services Agreement

Provides Equifax Global Technology Services to Drive Innovation and Cost Savings

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ATLANTA & ARMONK, N.Y. - 07 Aug 2003: Equifax, Inc. and IBM today jointly announced a 10-year agreement under which IBM will provide global on demand technology services for Equifax's operations in the United States, Canada, and Europe. The new contract adds additional scope and five and one-half years to the existing relationship, providing $400 million in additional estimated revenue to IBM for a total contract value of $800 million.

The new agreement benefits Equifax by:

"Equifax and IBM have a long, rich tradition as business partners," said Thomas F. Chapman, Chairman and CEO of Equifax. "This innovative agreement is another significant step forward. It provides Equifax a global technology infrastructure that is responsive to changes in demand, and allows us to continue delivering world class products and services to our customers."

The Equifax systems to be managed by IBM include mainframes, mid-range servers, Web systems, networks, and a global help desk. IBM will provide Equifax with an advanced enterprise system and asset management tools.

"Equifax is on the leading edge of an important business trend, as it aggressively moves from delivering information to providing key business decisions for its customers," said Philip Guido, General Manager of IBM's Financial Services Sector. "By creating an on demand infrastructure, IBM is helping innovative companies like Equifax create competitive products and enter new markets while reducing costs and improving availability and performance."

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