Bombardier (TSE: BBD.B) is extending its long-term partnership with IBM (NYSE: IBM) through a new six-year deal valued at approximately $700 million, which includes IBM Services and IBM Cloud management of Bombardier’s worldwide IT infrastructure and operations.
The services management agreement spans 47 countries and represents one of IBM’s largest cloud partnerships in Canada.
“Bombardier’s global decision to extend its existing partnership with IBM and move to IBM Cloud is recognition of our broad expertise and experience helping our clients transform the business of IT to be more competitive, agile and secure through cloud computing and industry services best-practices,” said Martin Jetter, senior vice-president, IBM Global Technology Services. “We look forward to further developing our relationship with Bombardier and working with the talented team there.”
“As part of our turnaround plan, Bombardier is working to improve productivity, reduce costs and grow earnings. This IT transformation initiative will help us better integrate globally to create a best-in-class IT organization,” said Sean Terriah, Chief Information Officer, Aerospace and Corporate Office, Bombardier. “With IBM, we will transform our service delivery model to focus on our core competencies, and leverage the best practices of our strategic partner across our infrastructure and operations.”
IBM is the enterprise leader in cloud computing by revenue, working to help its clients gain competitive advantage from their data. IBM Watson, which is available only on the IBM Cloud, provides enterprise-grade machine learning, artificial intelligence and cognitive technologies to better support agile decision-making for enterprise clients who need to quickly glean insights from their data – 80 per cent of which is not accessible through search.