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Article: Kobe Steel and IBM Japan in partnership to enhance information technology strategy and business operations.
- Article from:
- M2 Presswire
- Article date:
- September 10, 2001
CopyrightCOPYRIGHT 2001 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-10 September 2001-IBM: Kobe Steel and IBM Japan in partnership to enhance information technology strategy and business operations (C)1994-2001 M2 COMMUNICATIONS LTD
RDATE:10092001
Tokyo, Japan -- Kobe Steel and IBM Japan today announced an agreement in which Kobe Steel will outsource its information systems development, maintenance and operations to IBM for 10 years in a deal worth approximately 70 billion yen ($579 million) and to provide expanded IT services to other companies.
Under a memorandum of understanding signed by the two companies, IBM Japan will also take a 51% financial stake in Kobelco Systems Corporation, an IT ...