Deutsche Bank narrows list of IT service providers

Deutsche Bank narrows list of IT service providers

Deutsche Bank has narrowed the list of companies for its IT outsourcing contract to IBM and CSC Ploenzke, the German subsidiary of the IT services and consulting company Computer Sciences Corp.

On Wednesday, the investment bank said CSC and IBM will enter into a due diligence phase. One of the two IT service providers will receive the contract, first announced in April. "We expect a decision by the end of the third quarter," a bank spokesman said.

The initial list of IT service providers included EDS, Accenture and T-Systems International, according to German media reports.

Aimed at lowering IT costs, the outsourcing contract involves taking over the operations of Deutsche Bank's datacentres and smaller server sites in Germany, Belgium, Italy, Luxembourg, Poland, Portugal and Spain. Around 1,000 people work at these sites. The spokesman declined to provide financial details.

CSC Ploenzke recently entered into a due diligence phase for a contract with the German armed forces.

Follow Us

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Brand Post

Show Comments