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| Sony Pictures signs 5-year IT deal with IBM news |
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| 05 April 2007 |
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 Mumbai:
Sony Pictures Entertainment has signed a $3.8 million
contract with IBM for securing IT support for its global
financial system.
The 5-year contract is in addition to the $4.3 million
deal signed between the two companies in 2006, Sony Pictures
said in a release.
IBM Global Business Services will provide application
management services for SPE''s SAP global financial applications,
leveraging IBM''s India-based global delivery capabilities.
The agreement, which includes application, system development
and security support responsibilities, will allow SPE''s
own IT staff to focus on other high-priority new project
and improvement initiatives.
Originally implemented by IBM in collaboration with SPE,
the new, single financial system replaced several systems
that were installed in the territories in which SPE operates.
The system provides more than 2,300 users real-time access
to SPE financial information globally. IBM will provide
operations and support services, both on site at SPE''s
Culver City headquarters and remotely from the IBM support
centers in India.
"IBM offers us a low-cost and high quality support
model for our global SAP skills that we require. We have
brought in global reinforcements to augment our staff,
substantially reduced our support costs, and redeployed
our IT and finance staff on high-value activities,"
Sony Pictures CFO David Hendler said.
According to IDC, IBM is world''s leading application management
service company. IBM''s application management services
help clients align business objectives with IT investment
and optimize applications to help companies drive revenue,
focus on core competencies
and lower costs.
Sony Pictures Entertainment (SPE) is a subsidiary of Sony
Corporation of America (SCA), an arm of Tokyo-based Sony
Corporation.
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