India: IBM Provides Managed Services for ECS
In India, IBM has teamed up for the next 10 years with ElectraCard Services (ECS) to provide the backbone for ECS’s disaster recovery infrastructure. Here’s the quick rundown about the agreement.
The agreement will last 10 years, and according to the press release, be a multi-million dollar agreement at that. IBM has taken on the role of being a safety-net in the case that ECS needs continuity services in the event of a disaster. Quick company profile: ECS is a software provider for electronic payment systems for financial institutions, retailers and various other credit card transaction services (currency exchange, etc…) around the world.
IBM will basically manage ECS’s entire infrastructure which is located in Bangalore and Mumbai. This — apparently — makes IBM one of the largest ‘managed resiliency services’ in India.
ECS has made the move in part of large clients like the State Bank of India, Deutsche Bank, and other large private, national and international banks. ECS sees this as an advantage to their customers and their own business to have this backup backbone from IBM.