IBM have agreed a ten-year deal with Dutch bank ABN AMRO. This is good news for the American multinational technology and consulting corporation as it had “disappointing” results in its third quarter. The services IBM will be providing ABN AMRO include a private IBM cloud, mobile computing, managed services for mainframe, servers, storage, end-user computing, and support.

Other recent deals making the news for IBM include the seven-year €1bn (£800m) contract with Lufthansa to integrate mobile, social and analytics across the airline, plus a seven-year $1.25 billion deal with WPP, the world's top advertising firm, to run WPP operations in the cloud.

IBM reducing its Indian-based Workforce