But Loses Some Key IT Talent, JP Morgan Scores $28M In Savings During 1st Year of Pinnacle Alliance
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JP Morgan got what it hoped for when it racked up $28 million in savings during the first year of its Pinnacle Alliance outsourcing partnership, say JP Morgan officials. The savings came from reductions in mainframe, midrange, telecom, LAN, desktop and applications-delivery costs.
On the first anniversary of the Alliance a week ago, JP Morgan announced it had achieved an 8 per cent IT cost savings. JP Morgan plans to achieve a total cost savings of 15 per cent over the life of the seven-year
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