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DAILY NEWS AND INFORMATION FOR THE GLOBAL GRID COMMUNITY /
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Systems/Enterprise:
AIGT, LEHMAN BROTHERS ENTER INTO
MULTI-YEAR AGREEMENT
AIG Technologies Inc (AIGT), a member company of American International Group
Inc, announced a multi-year mainframe outsourcing and business continuity
service agreement with Lehman Brothers, a global investment bank.
AIGT will provide utility-based, complete OS/390 mainframe processing
services, complementary network support and co-location server hosting for
Lehman Brothers. Based on a utility computing model, the engagement calls for
the migration and consolidation of Lehman Brothers' operating environment to
AIGT's Livingston, N.J., data center and ongoing management of the firm's
back-office operations. AIGT will also provide business continuity services to
Lehman Brothers, employing advanced data storage and replication technologies
at its Fort Worth, Texas, data center facility.
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"This agreement is another validation of AIGT's flexible service model, which
tailors technology solutions to clients' individual needs," said Paul
Madarasz, president of AIG Technologies. "This approach has been an attractive
solution for companies that want to outsource mainframe operations or segments
of their IT infrastructure such as disaster recovery or the hosting and
management of IT assets. We look forward to a long and productive relationship
with Lehman Brothers."
"Our partnership with AIG Technologies underscores the Firm's steadfast
commitment to continuing to enhance its processing and business continuity
capabilities," said Jon Beyman, CIO of Lehman Brothers. "Lehman Brothers looks
forward to working with AIGT to provide IT systems and solutions which will
benefit our clients worldwide."
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