AXA, the insurer and wealth manager, has extended its infrastructure-on-demand relationship with IBM under a new four-year deal.
Under terms of the contract, IBM will provide on-demand mainframe, server and storage services and consulting to help AXA's IT operation, called AXA Tech, to transform the insurer's datacentre and processes.
By utilising an IT infrastructure with variable cost structures, AXA said it expects to achieve significant savings and respond more quickly to changing market conditions.
The latest contract forms part of a larger six-year, £489m wide-ranging technology services agreement signed in 2003 between AXA and IBM to transform the insurer's IT operations.
AXA is using the infrastructure on demand deal to help it enhance the performance and efficiency of its global computing infrastructure. AXA Tech is working to consolidate, standardise and automate its IT infrastructure and processes to reduce operating costs and improve service quality.