Electronic Data Services (EDS) has inked a $590 million outsourcing deal with New Zealand-based dairy giant Fonterra Co-operative Group.
The seven-year IT infrastructure outsourcing contract covers 327 offices in 34 countries.
Chief development officer Alexander Toldte said the deal will streamline the cooperative's global infrastructure and generate cost savings for shareholders.
Toldte said the "pay as you use" deal removes the need for significant capital outlay.
"This is very much in line with our overall program to reduce costs and working capital," he said in a statement.
EDS will manage all of Fonterra's IT processes including local area networks, mid-range servers, networks (voice and data), desktop and laptop computers, helpdesk services and utility software.