Hewlett-Packard has announced that it has signed a five-year, $500m (£270m) IT services contract with German financial services provider WestLB.
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"This is a good win for us in that it has a global component to it," said Joe Hogan, vice-president of worldwide marketing, strategy and alliances for HP Managed Services.
"We are going to manage the global IT infrastructure worldwide and provide some application services to them, which we are currently defining with them."
Under the deal, which goes into effect on 1 January, HP will provide application and infrastructure services and will manage WestLB's desktop environment worldwide - including mail systems, workplace technology and telephony, Hogan said.
HP said it will manage and operate the company's networks, and develop and support WestLB's website and intranet. In addition, HP will provide customer support and project services for the financial services company.
"The transfer of our IT functions represents a further milestone in WestLB's strategy of concentrating on its core functions going forward," said Klaus-Michael Geiger, a WestLB board member.
"HP offered us a convincing customised service package that will provide flexible and cost-efficient solutions. In addition, it is supported by a cogent strategy for the employees of WestLB Systems."
HP said it plans to support WestLB's IT environment with its "adaptive enterprise" strategy, which is designed to help companies synchronise business and IT to capitalise on change.
As part of the deal, about 450 bank employees will transfer to HP.
Linda Rosencrance writes for Computerworld