Wednesday, May 22, 2024

IBM, Indian IT Firms Split Deal with BP

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BANGALORE (Reuters) – IBM and India’s top three outsourcing firms have each won five-year IT services contract from oil and gas major BP Plc, the firms said on Wednesday, amid hopes of a revival in technology spending.

Neither IBM nor the Indian firms, Tata Consultancy Services, Infosys Technologies and Wipro, disclosed financial details of the contract.

IBM said in a statement its share of the contract was the largest among multiple IT services deals awarded by BP as part of a drive to consolidate the number of services providers.

A spokesman for IBM in India declined to give further details.

As part of the deal, the U.S.-based technology major said it would manage and run BP’s enterprise applications and integrated service desk responsibilities.

Indian outsourcers such as Infosys and Wipro, which compete with bigger rivals such as IBM and Accenture for large global deals, are increasing their focus on Europe and elsewhere due to a recession in the United States, their biggest market.

Copyright 2009 Reuters. Click for restrictions.

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