02-26-2004, 06:26 AM
http://www.sulekha.com/redirectnh.asp?cid=327814
http://www.forbes.com/technology/newswire/...rtr1274920.html
Bank of India to outsource IT to Hewlett-Packard
Reuters, 02.25.04, 5:21 AM ET
BOMBAY, Feb 25 (Reuters) - State-run Bank of India <BOI.BO> said on Wednesday it had awarded U.S. giant Hewlett-Packard (nyse: HPQ - news - people) a 10-year contract, worth over $150 million, to manage its information technology infrastructure and applications.
Balu Doraiswamy, president of Hewlett-Packard India Pvt Ltd, said the all-encompassing outsourcing contract was HP's largest in the financial services sector in the Asia Pacific region.
The contract involves implementing and managing Oracle (nasdaq: ORCL - news - people) data warehousing and a core banking product, developed by India's Infosys Technologies <INFY.BO>, across 750 branches that account for 80 percent of the bank's business.
The contract also includes managing the entire IT network of those branches, supplying and maintaining the hardware, besides setting up a disaster recovery site and call centre support.
Bank of India, the country's sixth-largest commercial bank, has over 2,500 branches. Chairman M. Venugopalan said the bank planned to have its key 750 branches covered by the new software applications within two-and-a-half years.
Copyright 2004, Reuters News Service
http://www.forbes.com/technology/newswire/...rtr1274920.html
Bank of India to outsource IT to Hewlett-Packard
Reuters, 02.25.04, 5:21 AM ET
BOMBAY, Feb 25 (Reuters) - State-run Bank of India <BOI.BO> said on Wednesday it had awarded U.S. giant Hewlett-Packard (nyse: HPQ - news - people) a 10-year contract, worth over $150 million, to manage its information technology infrastructure and applications.
Balu Doraiswamy, president of Hewlett-Packard India Pvt Ltd, said the all-encompassing outsourcing contract was HP's largest in the financial services sector in the Asia Pacific region.
The contract involves implementing and managing Oracle (nasdaq: ORCL - news - people) data warehousing and a core banking product, developed by India's Infosys Technologies <INFY.BO>, across 750 branches that account for 80 percent of the bank's business.
The contract also includes managing the entire IT network of those branches, supplying and maintaining the hardware, besides setting up a disaster recovery site and call centre support.
Bank of India, the country's sixth-largest commercial bank, has over 2,500 branches. Chairman M. Venugopalan said the bank planned to have its key 750 branches covered by the new software applications within two-and-a-half years.
Copyright 2004, Reuters News Service