MARKHAM, ONTARIO, January 9, 2012 – IBM today announced a seven-year agreement that will enhance the IT operations of the Canada Pension Plan Investment Board (CPPIB), a professional investment management organization experiencing rapid growth.
IBM will deliver professional consulting and critical software technologies in collaboration with CPPIB to consolidate, manage, and secure server and network infrastructure. IBM software, including automated server patching software from IBM’s recent acquisition of BigFix and asset management tools, will be used by IBM service professionals to increase efficiencies, security and improve overall compliance cycles. The software will consolidate the results of infrastructure operations to provide a single view of IT performance for the organization. Network and host intrusion prevention technologies will further secure CPPIB's computing environment.
Managing “Big Data,” is a challenge organizations of all sizes face as they strive to more efficiently address rapidly swelling amounts of important market, operational and financial information. Server virtualization technology is one method companies adopt to address this challenge and increase agility.
As part of the ongoing development of its IT capabilities, CPPIB has already virtualized more than 50 per cent of its IT server environment, with plans to move to 80 per cent to increase agility while reducing costs and complexity. This groundwork provides the foundation for CPPIB to capitalize on cloud computing technologies through its selection of IBM’s automated cloud provisioning software. IBM’s ProtecTIER Storage solution was also selected over competing solutions.
“We are pleased with the achievement of this next step in our relationship with IBM,” said Benita M. Warmbold, Senior Vice-President and Chief Operations Officer, CPPIB. “IBM’s team collaborated with us to help improve CPPIB’s business agility and effectiveness in a fast-growing, data intensive environment. They are committed to helping us manage and continuously improve our IT operations.”
“With this 21st Century foundation in place, CPPIB is well-positioned for continued transformation and IT innovation through new technology and services such as cloud computing that will help them continue to operate efficiently,” said John Ostrander, vice-president, Global Technology Services, IBM Canada.
About the CPP Investment Board
The CPP Investment Board is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 17 million Canadian contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, the CPP Investment Board invests in public equities, private equities, real estate, inflation-linked bonds, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in London and Hong Kong, the CPP Investment Board is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At June 30, 2011, the CPP Fund totaled C$153.2 billion. For more information about the CPP Investment Board, please visit www.cppib.ca.
As the world’s leading IT services provider, IBM Global Technology Services provides technology-based services that enable thousands of clients across the globe to optimize and transform their businesses. GTS delivers these services through the IBM network of delivery centres using standardized processes and technologies. This gives IBM the unique ability to deliver consistent, high-quality IT services worldwide, whether the client requires local, regional or global support.
For more information about IBM, please visit www.ibm.com/services/ca.
IBM Media Relations