IBM Japan has won a 10-year, $115 million (15 billion yen) outsourcing contract from Japan's Nissay Dowa General Insurance. An IBM Japan representative said the deal only "covers services, minus hardware and software." IBM Japan has bagged several multimillion-dollar IT services contracts. Last September, it clinched a $579 million contract from Kobe Steel. In June 2001, Japan Airlines awarded Big Blue a 10-year, $664 million outsourcing agreement for systems development, operations and other IT-related services.
This story was reported from Singapore.