French insurance and financial services company AXA Group has picked IBM to streamline its global IT systems in a six-year deal worth about $US1 billion.
IBM will help consolidate AXA's server, mainframe and storage systems into a new "on demand" computing structure. This will allow AXA to pay only for the capacity it uses and to quickly adapt its IT needs to its business needs, IBM said.
AXA of Paris expected the move to a variable IT cost structure would save it several hundred million dollars over the six-year period, IBM said. AXA would retain full management of its IT infrastructure and personnel, with IBM providing the IT capacity.
IBM would train AXA staff and a dedicated team that was focused on aligning technology and business needs.