IBM Signs Multi-Year IT Services Agreement with Nomura Services India Pvt Ltd

To provide fully-managed resiliency and implement Work Area Recovery solution.

MUMBAI, India .- IBM (NYSE: IBM) today announced that Nomura Services India Private Limited - a subsidiary of the leading financial services group, Nomura - will implement IBM’s end-to-end business continuity and resiliency services to bolster its business continuity, disaster and system failure response strategies.

The multi-year IT services agreement will also provide Nomura Services with an in-city Work Area Recovery solution to recover critical business functions in the event of an interruption at a primary site. This will help Nomura Services effectively respond to crisis scenarios that may have the potential of causing major disruption to its business.

Additionally, ongoing endeavors will be made to foster awareness and “plug gaps” through regular disaster recovery drills. A comprehensive solution comprising backup offices through IBM’s Work Area Recovery Center in the outskirts of Mumbai, and a backup technology capability center have been established by IBM to ensure Nomura the necessary level of business continuity should a disaster strike.

Commenting on this engagement, Neeraj Sharma, Director, Integrated Technology Services, IBM India/South Asia said, “We are excited about this relationship with Nomura Services. We are confident of helping Nomura make its operations highly resilient by leveraging IBM’s global know-how in business continuity services as well as an unmatched domain expertise in the financial services industry.”

Executed in July 2009, this agreement further cements IBM’s leadership position in the managed resiliency space in India. It demonstrates IBM’s focus to help clients ’Do more with Less’ by engaging in an increasingly popular operational expense (OPEX) model. It also leverages IBM’s global experience of over 40 years to provide end-to-end business continuity and resiliency services to help clients minimize the costs and time-frames associated with recovering business operations in the event of a disaster.