German finance giant Allianz in talks to outsource IT to IBM

Summary:The deal could be worth hundreds of millions of dollars to IBM as the German finance firm seeks to transform its global IT infrastructure.

hv2012-1_fullsize
Image: Allianz

IBM and Allianz have entered discussions that could see the New York-based technology giant win an outsourced IT infrastructure contract, thought to be worth hundreds of millions of euros.

Allianz, a Germany-based financial firm, which offers insurance among other things, said in a statement on Tuesday it will start "exclusive contract negotiations," that could seal the deal between the two companies by the end of 2013.

The plan is for Allianz to outsource most of its IT infrastructure to Big Blue by consolidating its global datacenters down from 140 to six. The company wants to keep operating by integrating its internal networks and datacenters into what it dubs the Allianz Private Cloud by the end of 2017.

IBM will pick up most of the slack in the move. The financial firm said there were several benefits of the private cloud by using "standardized and harmonized technology."

Financial terms of the deal were not disclosed.

Topics: Enterprise Software

About

Zack Whittaker writes for ZDNet, CNET, and CBS News. He is based in New York City.

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.