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IBM’s Multi-Million Dollar Cloud Wins Keep on Coming

January 24, 2019 / Jessica Lyons Hardcastle

Another day, another multi-million dollar cloud deal for IBM. Today the vendor said it signed a $260 million agreement with the Bank of the Philippine Islands. This caps a steady run of major cloud wins for IBM over the past two weeks. The Bank of the Philippine Islands is a universal bank headquartered in Manila. It’s the third-largest bank in the Philippines in terms of assets with more than 9 million customers. Under the new multi-year service agreement, IBM will provide IT infrastructure services to support an agile IT and hybrid cloud, as well as digital development capabilities. This includes IBM infrastructure and hybrid-cloud management services as well as IBM security services. The two companies also designed an IT environment that supports an open API economy strategy that uses the bank’s data to develop new customer applications and services. The bank’s digital transformation goals include continual upgrades for bank branches with new technology as well as ...