IBM Wins $370M, Six Year Japan Outsourcing Deal

TOKYO (03/27/2000) - IBM Japan Corp. has won a major outsourcing contract from Japan Consumer Credit Services Co. Ltd. (JACCS), one of the country's largest consumer credit companies, the American company announced today.

The deal, which IBM said in a statement is one of the largest in the history of the Japanese credit industry, is worth over US$370 million over six and a half years and will be undertaken by the company's IBM Global Services unit.

The contract calls on the company to develop, operate and maintain JACCS's host computer and provide and manage a network of servers and 3,500 personal computers at over 140 locations across Japan. Further, IBM said that by 2001 it will be providing full operation of JACCS information systems to allow the company to provide a 24 hour service -- something that it cannot offer at present.

IBM is the largest single information systems supplier to JACCS and has been working with the company for more than 30 years.

IBM Japan, in Tokyo, can be contacted online at http://www.ibm.co.jp/, and by phone at +81 3-3586-1111.

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