The Hindu Business Line : IBM, Kotak Mahindra Bank in deal

IBM has signed a $5-million IT services deal with Kotak Mahindra Bank. IBM will design, build and maintain a scalable, energy efficient green data centre as well as the converged IP network infrastructure for the financial services provider. Kotak Mahindra Bank and all the group companies, including Kotak Securities and Kotak Life Insurance, will benefit from this consolidated data centre and network infrastructure.

Besides helping Kotak move towards a shared technology infrastructure services model across all its businesses, the solution being implemented by IBM will help it save over $1.2 million in operational efficiency and reduced energy costs over the next five years. - Our Bureau

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