IBM 000-184 today announced that it has entered into a seven-year services agreement with The Manufacturers Life Insurance Company (Manulife) valued at close to $90M CAD annually to support Manulife Financial's (TSX:MFC)(NYSE:MFC)(PSE:MFC)(SEHK:0945) ongoing business growth, as well as continued evolution of its information technology operations.
"Our 10-year relationship with Manulife provides a strong foundation for us to share global expertise in cloud computing, infrastructure reliability and security," said Leslie Keating, Vice President, Global Technology Services, IBM Canada. "In today's interconnected world, there is an increasing need for businesses to be prepared and agile to deal with new and evolving opportunities and threats. By continuing to enhance Manulife's core infrastructure to improve service and increase efficiency, we are helping strengthen their competitiveness."
The agreement will advance Manulife infrastructure services for mainframe, midrange server and storage, desktop services, business continuity, disaster recovery and security. Manulife will also evaluate, as part of ongoing joint innovation, the application of cloud computing and high-performance computing environments to accelerate and enhance the deployment of business applications.
One of the greatest challenges facing financial services organizations today is adapting to the accelerating change and complexity of their competitive industry landscape for governance models and regulations, organizational effectiveness and business productivity. With an increased volume and variety of information to monitor and manage, it is imperative for financial services leaders to keep pace with the latest technological developments to improve efficiency and provide access to secure relevant information quickly to make business decisions.
"This contract will provide us with leading-edge technologies in the efficient and effective growth of our business," said Joe Cooper, Executive Vice President, Global Services & Chief Information Officer, Manulife Financial. "IBM's 000-184 expertise in the finance and insurance sectors also assists Manulife in the execution of its information services strategy by providing industry skills as required to support our businesses and customers."
"Our 10-year relationship with Manulife provides a strong foundation for us to share global expertise in cloud computing, infrastructure reliability and security," said Leslie Keating, Vice President, Global Technology Services, IBM Canada. "In today's interconnected world, there is an increasing need for businesses to be prepared and agile to deal with new and evolving opportunities and threats. By continuing to enhance Manulife's core infrastructure to improve service and increase efficiency, we are helping strengthen their competitiveness."
The agreement will advance Manulife infrastructure services for mainframe, midrange server and storage, desktop services, business continuity, disaster recovery and security. Manulife will also evaluate, as part of ongoing joint innovation, the application of cloud computing and high-performance computing environments to accelerate and enhance the deployment of business applications.
One of the greatest challenges facing financial services organizations today is adapting to the accelerating change and complexity of their competitive industry landscape for governance models and regulations, organizational effectiveness and business productivity. With an increased volume and variety of information to monitor and manage, it is imperative for financial services leaders to keep pace with the latest technological developments to improve efficiency and provide access to secure relevant information quickly to make business decisions.
"This contract will provide us with leading-edge technologies in the efficient and effective growth of our business," said Joe Cooper, Executive Vice President, Global Services & Chief Information Officer, Manulife Financial. "IBM's 000-184 expertise in the finance and insurance sectors also assists Manulife in the execution of its information services strategy by providing industry skills as required to support our businesses and customers."
