CommBank re-signs EDS for $573m

The Commonwealth Bank has re-signed US-based EDS as its master IT&T services provider through to 2012.

In the $573 million deal, EDS will continue to provide midrange, mainframe and storage solutions to the bank. The Commonwealth initially signed EDS in 1997.

Commonwealth Bank CIO Michael Harte said the deal would help the company achieve a more-cost-effective ICT spend and improve customer satisfaction.

The company said the partnership with EDS had seen a number of large ICT initiatives rolled out in recent years.

These included the branch platform roll out of the Bank’s CommSee customer management system, the replacement of infrastructure for NetBank, the Colonial integration and applications work for the Bank’s lending systems.

Other initiatives include the refresh of 40,000 desktops, the rationalising of 38 disparate consistent office environments (COEs) to two, and major upgrades to the ATM network.