Deutsche Bank signs multi-billion-dollar IT deal with HP

Reuters News
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Posted: Feb 24, 2015 4:49 AM

FRANKFURT (Reuters) - Deutsche Bank signed a multi-billion-dollar agreement to outsource its wholesale banking IT infrastructure to U.S.-based Hewlett-Packard (HP), the two companies said in a joint statement on Tuesday.

Under the 10-year agreement, HP will provide dedicated data center services including storage, platform and hosting, they said. Deutsche Bank will retain activities such as IT architecture, application development and information security.

The companies did not say how much exactly the contract is worth.

(Reporting by Maria Sheahan, editing by Edward Taylor)