Thursday, June 9, 2016

IBM Lands $300 Million Deal with Emirates Airline

In yet another win involving a large, Middle Eastern airline, #IBM (NYSE: IBM) announced it has inked a 10-year, $300 million agreement with longtime customer Emirates. The Dubai-based carrier is the largest in the world as measured by international traffic, and has been working with IBM on its ticketing and reservation systems for over 30 years.

Under the new, enhanced-IT managed-services arrangement, IBM will "provide IT Infrastructure delivered as a service, allowing the airline to improve efficiency on its passenger support systems and functions." The deal calls for fully managed services utilizing IBM's mainframe, data storage, and the capability to encrypt data in near real-time.

http://www.investopedia.com/stock-analysis/060716/ibm-lands-300-million-deal-emirates-airline-ibm.aspx

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