IBM signs IT services agreement with Nomura

BANGALORE, INDIA: IBM today announced that Nomura Services India Private Limited – a subsidiary of the financial services group, Nomura – will implement IBM’s end-to-end business continuity and resiliency services to bolster its business continuity, disaster and system failure response strategies.

The multi-year IT services agreement will also provide Nomura Services with an in-city Work Area Recovery solution to recover critical business functions in the event of an interruption at a primary site, said a press release. This will help Nomura Services effectively respond to crisis scenarios that may have the potential of causing major disruption to its business.

Additionally, ongoing endeavors will be made to foster awareness and “plug gaps” through regular disaster recovery drills. A comprehensive solution comprising backup offices through IBM’s Work Area Recovery Center in the outskirts of Mumbai, and a backup technology capability center have been established by IBM to ensure Nomura the necessary level of business continuity should a disaster strike.

Commenting on this engagement, Neeraj Sharma, director, Integrated Technology Services, IBM India/South Asia said, “We are confident of helping Nomura make its operations highly resilient by leveraging IBM’s global know-how in business continuity services as well as an unmatched domain expertise in the financial services industry.”

IBM said this agreement was executed in July 2009.