IBM Signs Agreement With the Czech Republic Ministry of Finance

Contract for Treasury Integrated Information System



PRAGUE, CZECH REPUBLIC .- IBM Czech Republic (NYSE: IBM) today signed an agreement worth approximately $100 million with the Ministry of Finance of the Czech Republic to deliver and implement the Treasury Integrated Information System. The contract was signed based on the recommendation of the tender commission nominated by the Czech Government.

The Treasury Integrated Information System is designed to enable the transparent administration of state finance providing efficient handling of state budget resources and public finance. The Treasury Integrated Information System is already deployed by many European Union member states.