November 12, 2005
EDS and First International Bank of Israel sign $108 million outsourcing deal
EDS Israel has entered into an agreement with the First International Bank of Israel. The agreement is valid for the next eight years, and is valued at $108 million. According to EDS sources, this is the largest and most significant outsourcing agreement in Israel. Consultant-News reports:
Under the terms of the contract, FIBI will outsource its IT operations to EDS Israel, including approximately 100 employees of FIBI's IT subsidiary, and the IT infrastructure. Through this contract, EDS will manage the bank's IT infrastructure; host the bank's central, departmental and personal computer activity and manage its communications network.
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