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Article: Korea Investment and Securities Signs US$157 million Strategic Outsourcing Agreement with IBM.

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October 14, 2009
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M2 PRESSWIRE-14 October 2009-IBM: Korea Investment and Securities Signs US$157 million Strategic Outsourcing Agreement with IBM(C)1994-2009 M2 COMMUNICATIONS

RDATE:13102009

SEOUL, South Korea -- IBM (NYSE: IBM ) today announced that it has signed a 10-year strategic outsourcing agreement with Korea Investment & Securities Co. Ltd. (KIS), which aims to enhance its competitive position in the global marketplace through business process innovation and transformation in information technology (IT) services.

Valued at US$157 million, this agreement is the largest outsourcing deal in the Korean investment and securities industry. KIS is one of the ...

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