EDS wins $108m. FIBI contract

November 10, 2005 08:29


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


IT solutions provider EDS said Wednesday it signed a $108 million outsourcing contract to manage the First International Bank of Israel's information technology infrastructure. Under the agreement, First International (FIBI) will outsource its IT operations to EDS Israel, including approximately 100 employees of its IT subsidiary and its IT infrastructure. Over the next eight years, EDS will manage the bank's IT infrastructure, host its central, departmental and personal computer activity, and manage its communications network. Ness Technologies also will participate in the project. "Our strategic partnership with EDS will allow the bank to experience a significant reduction of expenses and, in turn, opportunities for increased revenues," said Yossi Levi, FIBI's head of operations and information technology division. Based in Plano, Texas, EDS had net income of $8 m. and revenue of $4.87 billion in the third quarter of 2005. It reported a net loss of $153m. in the parallel quarter last year. The company established its Israel operation in July 1995 as a joint venture between EDS and Kardan Technologies. EDS Israel is based in Herzliya.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection