IBM Signs Major Deal with Australian Government
IBM explained further that “separate units of expert computer engineers and developers will also be based on the Gold Coast and Canberra to work on cybersecurity solutions for data protection and the application of supercomputing for government services.”
Other Deals in Europe
IBM has also signed new cloud computing contracts with six European businesses to develop AI, blockchain and analytics applications. This is appropriate timing as the computing giant has only recently expanded its cloud services to new regions in Europe.
Only the basics have been disclosed about the deals.
One partnership is with German multinational lighting firm Osram AG. The company will use IBM’s hybrid cloud solution as part of its digital transformation programme.
Another— with Italian multimedia publisher Gruppo, involves IBM’s Watson AI service. Watson will provide speedy access to over 1.5 million Italian tax documents for intended use by tax professionals.
Other partnerships include French bank Credit Mutuel, a Spanish health solutions provider Teckel Medical, in the UK — RS components, and Koopman Logistics which is based in the Netherlands.
IBM’s General Manager for IBM Cloud Europe, Sebastian Krause has the following to say:
“Enterprises across Europe are gravitating to the IBM Cloud because it helps them modernize their existing infrastructures by gaining access to exciting technologies like AI, blockchain, IoT, analytics and more…At the same time, these companies know they can trust [us] with the security and privacy of their enterprise data – a crucial differentiator in the current era.”
>>June 12: Is IBM Stock Undervalued? Analysts Suggest a Buying Opportunity
Stock
IBM stock closed at $139.57 yesterday, July 3rd, which was a decline of -0.21%. As the New York Stock Exchange is closed today to celebrate independence day in America, we will have to wait until tomorrow to see if the IBM deals cause any stock gains.
Featured Image: DepositPhotos.com/Antartis
