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01 April 2010 ,
Written by Dhruv Tanwar
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Broadridge Financial Solutions, Inc. and IBM today announced an information technology (IT) services agreement whereby IBM will provide Broadridge data center and information processing services. The two companies also inked a business alliance agreement.
 Under the 10-year IT services agreement, IBM shall provide all infrastructure services to Broadridge including data center, IT operations and network support. From enhanced information security controls to advanced replication and redundancy technology, IBM will manage the sophisticated IT requirements for Broadridge's range of financial markets clients, better positioning Broadridge for long term growth. Broadridge said it expects the migration of its data center processing to IBM to take approximately 18-24 months to complete.
As part of the business alliance agreement, Broadridge's clients in the US and around the world would immediately be able to leverage IBM's extensive suite of solutions, which includes data center support, business and technology consulting services, application development, as well as managed business processing, migration and integration services. The two companies said that the collaboration will allow clients to focus on revenue-generating activities to compete more effectively in the marketplace rather than supporting in-house transaction processing and technology infrastructures. Both contracts were signed on March 31, 2010. 
Patrick Kerin, General Manager, IBM Global Technology Services said the IT services IBM would provide to Broadridge will help their clients accelerate operations and focus on growth by providing them with a reliable IT infrastructure. Richard J Daly, Chief Executive Officer, Broadridge said the agreement will empower Broadridge's clients with the ability to enhance their operations infrastructure and business models. "The technological expertise and global footprint of both firms associated with our single-source solution is unrivaled in the marketplace today and will enable our clients to be competitive for years to come," he added. |