Feeds

EDS wins $1.1bn gig with BoA

Big bucks for junk status services outfit

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Services giant EDS has signed up the Bank of America for a $1.1bn contract - despite being downgraded to junk status by credit agency Moody's late last week. EDS objected strongly to Moody's decision.

The eight-and-a-half year deal covers the integration of recently-acquired FleetBoston Financial's network into Bank of America systems. EDS already runs BoA's network. The completed voice and data network will link 180,000 employees in 5,700 banks and 16,500 ATMs as well as supporting telephone and internet banking.

As part of the outsourcing deal 150 FleetBoston IT staff will move to EDS. In February 2003 EDS began moving Bank of America onto a combined voice and data network - two thirds of branches are now connected.

The press release is here ®

Related stories

Moody's junk-rates EDS debt
NHS squares EDS over nixed email deal
EDS Abbey flagship project in doubt

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.