EDS negotiates information technology outsourcing services agreement with leading European financial institution
Clients Electronic Data Systems Corporation
Jones Day represented Electronic Data Systems Corporation (EDS) in the negotiation of an IT outsourcing agreement with a European bank. This bank was acquired by a leading European financial institution that was already receiving IT outsourcing services from EDS in more than 30 countries. The services include mainframe, end user computing, self-service devices (automated teller machines), help desk, managed storage services, and infrastructure projects. The transaction was unique in that it involved negotiations with nine different European labor unions and two separate antitrust approval processes.