PracticeConsultingIT consulting news in brief

IT consulting news in brief

Investment bank JP Morgan Chase has signed an outsourcing deal worth $5bn (£3.12bn) with IBM Global Services. As part of the deal, 4,000 Morgan Chase employees and contractors, as well as IT systems, will be transferred to IBM.

The plan is to create a ‘virtual pool’ of computing resources that can be accessed and deployed as needed by the investment bank.

Industry watchers are split on the levels of IT spending for 2003, with some predicting growth and others expecting further cuts. A survey by CIO magazine in the US predicts that spending on hardware and software will see moderate growth of 4.6% this year, while a rival report predicts a spending drop.

According to Goldman Sachs, companies will spend even less on software and hardware in the next 12 months than they did last year.

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer