UK’s financial giant Lloyds Banking Group is reportedly negotiating to outsource management of its data centers to IBM Global Business Services. Sources, however, said there is no certainty an agreement will be reached although the talks have started months ago. Under the deal, IBM would pay for the data center assets, transfer them to its balance sheet, and then charge Lloyds for the ongoing management. Lloyds, whose main data centers are in Copley, Pudsey, Peterborough and Corby, is going through a drastic makeover: it closed 200 branches over a 36-month period and made 640 technical staff and back office function people redundant as part of a wider cut of 9,000 jobs. IBM operates facilities around the world, including the Philippines.
Join the world's premier outsourcing community
Get the world's leading outsourcing news summary, Inside Outsourcing, delivered to your inbox each week, for free. Plus, benefit from being a part of the fastest growing outsourcing community.
- Breaking news: daily web updates with outsourcing sector updates
- Newshub: Browse over 4,000 outsourcing industry news items
- Access: get outsourcing white papers, guides, articles, videos and podcast episodes
- BPO community: join our extensive outsourcing community
- Cancel anytime: zero obligation, no spam, just great information

Get 3 Free Quotes
- Free Independent quote
- 700+ leading suppliers
- Unrivalled expertise