June 2, 2016 | Written by: Matthew Wilson
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If you aren’t familiar with specialized payments company FleetCor, here are the details: it powers about 1.9 billion financial transactions per year and expects to exceed $1.7 billion in sales in fiscal 2016.
The company has just announced that it will move its infrastructure to IBM Cloud. FleetCor provides payment cards for business expenses such as fuel and lodging. It has about a dozen data centers around the globe which cost around $100 million to operate. The company’s chief information officer, John Reed, said the move to IBM Cloud could save it as much as $40 million per year.
Reed said that the IBM field sales team is what won his company over. According to Forbes, “IBM won over FleetCor with its on-site sales teams that helped the payments firm brainstorm new products and have continued to work with their counterparts since the contract was signed, especially in mobile.”
Read more about the IBM/FleetCor deal at Forbes.