IBM wins Bank of Ireland contract away from HP

* Deal worth around $300 million -source

* Expired contract previously with HP

NEW YORK, Nov 1 (BestGrowthStock) – International Business Machines
Corp (IBM.N: ) won a five-year technology services contract with
Bank of Ireland (BKIR.I: ) away from rival Hewlett-Packard Co
(HPQ.N: ).

The contract is worth around $300 million, a source with
knowledge of the agreement told Reuters. Both IBM and Bank of
Ireland on Monday declined to disclose the financial terms, but
said the deal came after an expiration of the lender’s previous
contract with HP and a competitive bidding.

IBM will manage the overall IT infrastructure for the bank,
including its servers, networks, and desktop systems, they
said.
(Reporting by Ritsuko Ando; Editing by Gary Hill)

IBM wins Bank of Ireland contract away from HP