IBM's extended deal with Ameriprise represents opportunity for IT innovation

Summary:IBM reinks deal with Ameriprise Financial for handling the infrastructure needs of one of the world's largest financial services firms.

IBM is extending its partnership with Ameriprise Financial, which is a win-win for both parties.

Essentially, IBM handles the back-end work for Ameriprise while it is also demonstrating its own business and enterprise services around networking, storage and mainframes through a global customer worth $655 billion in assets.

Going back to 2006, IBM has been helping Ameriprise weave together various IT systems with different financial apps and products.

IBM is responsible for hosting Ameriprise PeopleSoft applications, which consists of application and infrastructure tiers for its human resource, financial management, supply chain, and customer relationship management functions, on the IBM SmartCloud.

Furthermore, IBM is supposed to make sure that Ameriprise's technology infrastructure stays up-to-date and even ahead of the curve. This is where things get interesting for IBM as it represents an opportunity for creating and incorporating innvovative technologies around IT and cloud computing.

IBM also asserted that this represents how its Global Services teams are integrating business insights (which are also evolving with IBM's big data strategy) with the tech giant's software and services portfolio for deployment on a global scale.

The end goal for IBM customers (not just Ameriprise) is to see return on investment in cutting-edge IT faster while freeing up resources to focus on their own products and strategies.

Topics: IBM, Cloud

About

Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish Americ... Full Bio

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