Mobily, IBM Ink $280M IT Solutions Deal

[Techtaffy Newsdesk]

Etihad Etisalat (Mobily) and IBM have signed a 5-year agreement worth approximately $280 million to provide comprehensive IT solutions for the Saudi Arabian company. As part of the agreement, Mobily and IBM will collaborate on future innovation with the help of IBM Research, for example, using IBM’s Spoken Web solution.

IBM has implemented several other IT projects for the telecommunications company in recent years.

IBM is involved in a range of key initiatives in Saudi Arabia, including a joint project with King Abdulaziz City for Science and Technology using membrane technology and solar power to address the shortage of drinking water. In another project, King Abdullah University of Science and Technology (KAUST) and IBM are collaborating using high performance computing.

The agreement with Mobily was signed in August 2012.

[Image courtesy: IBM]

Also see:

TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.