Israel Sees Its Largest Outsourcing Contract Signed

According to this coverage by Globes [online], First International Bank of Israel has signed Israel’s largest outsourcing contract.

The eight-year agreement with EDS Israel and Ness Technologies totals $130 million and covers the bank’s “central, departmental and personal computer activities and its communications equipment procurement.” The bank said it expects to save about $48 million over the life of the agreement, which involves the transfer of 100 employees to EDS Israel.

The two service providers won against a proposal from IBM Israel and Matrix IT.