Lloyds Bank to outsource data centers to IBM

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.