/dqweek/media/agency_attachments/JNb31gQnqJvAm0jqPxaV.png)
Follow Us
IBM has signed a 10-year information technology (IT) services agreement with
Delhi Stock Exchange (DSE). As part of this Rs 11 crore agreement, IBM will
provide business contiÂnuity and disaster recovery services to DSE as well as
remotely host and manage its IT infrastrucÂture. This will help the exchange
meet the stringent business continuity guidelines as laid out by Securities and
Exchange Board of India (SEBI) before it could resume its operations after a
hiatus of six years. By engaging with IBM in a complete operational expenÂditure
(pay-as-you-go) model, DSE will also save 100 percent capital expenditure on IT.
Signed in June 2009, this agreement demonstrates IBM's focus to help clients
'Do more with Less' by engaging in operational expense (opex) model.
DSE was one of country's largest stock exchanges-almost at par with Bombay
Stock Exchange in the 90s, and has been in existence for over 60 years. In 2002,
however, the exchange became inactive due to negligible trading volumes. Seven
years later, the exchange is now looking at resurrecting itself to its former
glory-one where it used to be bustling with over 2,800 companies listed. IBM
will play a key role in helping DSE go live for trading by providing a highly
secure environment and a robust resiliency solution with the goal of zero data
loss once the exchange becomes operational later this year.
“As DSE looks to claim back its position as one of country's leading stock
exchanges, the agreement with IBM couldn't have happened at a better time,” said
HS Sidhu, Executive Director and CEO, DSE. “As the world's leading IT services
company, IBM will bring immense value to the exchange by providing time-tested
and world-class managed services-that would help DSE become operational and
successful once again,” he added.
Under this agreement, IBM will build, host and manage the entire disaster
recovery infrastructure for DSE from its data center. IBM will also provide 24x7
monitoring services for hardware and networking devices from its command center.