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  • Jan 1st, 2004
  • Comments Off on IBM signs 10-year service deal with Target
International Business Machines Corp on Wednesday said it has signed a 10-year contract with retailer Target Corp to manage its mainframe computers.

Terms of the deal were not disclosed. Armonk, New York-based IBM said the agreement is based on a flexible pricing model in which Target will pay only for the services it uses.

IBM has been pushing such "on-demand" computing for more than a year under Chief Executive Officer Samuel Palmisano. Under these offerings, IBM aims to make computing cheaper and more flexible as well as enable businesses to access information and react to it more quickly. Minneapolis-based Target has had a long-term relationship with IBM.

Copyright Reuters, 2004


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