International Business Machines Corp. (IBM) recently signed a multiyear IT services contract with Nomura Services India Private Ltd. to provide disaster and system failure response services. Financial terms on the agreement were not disclosed.

Nomura will implement IBM's end-to-end business continuity and resiliency services to bolster its business continuity, disaster and system failure response strategies. The deal will also provide Nomura with an in-city work area recovery service to recover business functions if operations are interrupted.

The contract, which was executed in July, further demonstrates IBM's leadership in the managed resiliency space in India. Going forward, the company expects emerging markets to drive revenue growth.

Moreover, IBM’s Global Business Services won a 5-year contract with BP Plc. (BP) to manage the oil and gas giant's enterprise applications and integrated service desk responsibilities (SAP applications). The company had the largest share in the contract among multiple Indian IT

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DrStockPick.com Stock Report!

Tuesday August 25, 2009

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IBM (NYSE: IBM) today announced that Nomura Services India Private Limited - a subsidiary of the leading financial services group, Nomura - will implement IBM’s end-to-end business continuity and resiliency services to bolster its business continuity, disaster and

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