IBM Acquires the Business Continuity Services Unit of Schlumberger

IBM Acquires the Business Continuity Services Unit of Schlumberger

by / April 28, 2004
PARIS and ARMONK, N.Y., April 20, 2004 -- IBM has signed an agreement with Schlumberger to acquire its Business Continuity Services (SBCS) unit, which has operations in Europe and the United States. Terms of the agreement were not disclosed.

The strategic acquisition will increase IBM capabilities in helping clients ensure business continuity and providing IT infrastructure and data recovery services in case of unplanned events or outages.

SBCS offers business continuity services to many major financial institutions, government bodies and international corporations and has more than 40 modern recovery sites worldwide, among them the largest business recovery site in Europe. Under the acquisition, IBM will add more than 10,000 recovery seats configured as financial trading rooms, call centers and workplaces.

"Schlumberger Business Continuity Services will complement and expand IBM's global business continuity capabilities," said Philippe Jarre, vice president of Business Continuity and Resiliency Services for IBM Europe, the Middle East and Africa. "As companies' business processes have grown increasingly dependent on IT, clients look for integrated business continuity solutions that cover the full range from data centers via applications to business processes."

SBCS, headquartered in London, has long-term contracts with more than 750 clients around the world. IBM intends to combine Schlumberger Business Continuity Services' sales organization and employees into one dedicated organization within IBM Global Services.

Once completed, according to IBM, the combination of IBM and Schlumberger's business continuity services will provide IBM's clients with an enhanced service to enable them to better tackle key business issues such as compliance with new government data protection regulations required by Sarbanes-Oxley in the United States and Basel II in Europe.

For more information see the Web site.
Blake Harris Editor
Platforms & Programs