Commerzbank, IBM Mull Outsourcing Deal

- WatersTechnology Staff
- 24 Feb 2003

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FRANKFURT--In what looks like a pioneering deal, Commerzbank is working out the details of an IT outsourcing arrangement with IBM that would see the vendor take on responsibility not just for low-level infrastructure, but complete management of major portions of the firm’s investment banking IT environment, including more than 100 key applications.

The bank, Germany’s fourth-largest, has entered a three-month period of exclusive negotiations with IBM to explore ways to outsource front- and back

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