IBM, TCS, Infosys may get $1 bn ABN deal: report

MUMBAI, INDIA: Nationalised Dutch bank ABN AMRO is set to renew contracts worth $1 billion with IBM and Indian outsourcers Tata Consultancy Services and Infosys, the Economic Times reported on Tuesday.

The bank will renew contracts for managing its software applications and computer hardware systems with the three firms, the newspaper said, quoting unnamed sources familiar with the decision.

The earlier contract, for $2 billion, had been signed with five software firms including Accenture and India's Patni Computer Systems, it said.

Officials at Infosys and TCS could not immediately be reached for comment.