Deutsche Bank Partners With HP for Data Center Services
Firms sign multibillion dollar agreement for 10 years.
The partnership will allow Deutsche to upgrade and decrease its IT applications and transition them to the HP platform, which will be a multi-year project. Deutsche will still maintain IT architecture, application development and information security.
The deal is similar to one struck by Deutsche with IBM in 2002 that focused on technology surrounding retail banking. The agreement with HP, which will deal with infrastructure on the wholesale banking side, is no indication of Deutsche cutting
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