LONDON, Jan. 17, 2019 /PRNewswire/ -- IBM (NYSE: IBM) and Vodafone Business today announced that they are creating a new venture designed to help companies across Europe and beyond deliver innovation faster and succeed in a digital world.
Building on more than two decades of collaboration between the two companies, IBM and Vodafone have entered into a new strategic commercial agreement. It will provide clients with the open, flexible technologies they need to integrate multiple clouds and prepare for the next wave of digital transformation enabled by AI, 5G, edge and Software Defined Networking (SDN).
With more than 70 percent of organisations today using up to 15 cloud environments as they strive to access powerful new digital solutions and services*, the interconnectivity of clouds and the vulnerability of data have become global issues. Together, IBM and Vodafone Business will help companies remove the complexity and barriers from their technology choices and ensure that data and applications flow freely and securely across their organizations.
Under the new venture, Vodafone Business customers will immediately have access to the full portfolio of IBM's cloud offerings, underpinned by IBM's deep industry expertise and open technologies.
As part of the agreement, IBM will provide managed services to Vodafone Business' cloud and hosting unit, in an eight-year engagement valued at approximately $550 million (€480 million). Customers will benefit from IBM's optimisation, automation and cognitive capabilities which help them to run their business effectively in a cloud environment. More...