Deutsche Bank signs multi-billion-dollar IT deal with HP

[FRANKFURT] Deutsche Bank signed a multi-billion-dollar agreement to outsource its wholesale banking IT infrastructure to US-based Hewlett-Packard (HP), the two companies said in a joint statement on Tuesday.

Under the 10-year agreement, HP will provide dedicated data centre services including storage, platform and hosting, they said. Deutsche Bank will retain activities such as IT architecture, application development and information security.

The companies did not say how much exactly the contract is worth.

REUTERS