Sequent is a $570 million provider of high-end Intel-based computer systems to data centers.
The company's deal with EDS is expected to extend to Sequent's European operations this year. Financial terms of the contract were not released, though EDS, on a recent outsourcing roll, has continued to report $1 billion in new contracts per month.
Plano, Texas-based EDS and Sequent have worked together before to deliver service bureau technology to community banks.
Under this new deal, EDS will take over Sequent's data center, applications, network, and desktops. EDS will also provide planning, architecture, and service consulting. Sticking with Sequent's strategy to offer clients alternatives to the mainframe, services will be deployed on Sequent products for both Unix and Microsoft NT and managed by EDS.
The relationship with EDS is part of Sequent's strategy to deliver its products through systems integrators. Beaverton, Oregon-based Sequent currently has alliances with Intel, Microsoft, SAP, Oracle, Baan, PeopleSoft, and others.
Sequent stock was trading at $13.50 per share this morning, while EDS shares were trading at 50.188, down 0.5.