Federated Systems Group enters into agreement with IBM.CINCINNATI--(BUSINESS WIRE)--Dec. 16, 1996--Federated Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , Inc. announced today that its data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a division, Federated Connected and treated as one. See federated database and federated directories. Systems Group (FSG See Linux Foundation. ), and IBM Global Services IBM Global Services is the world's largest business and technology services provider. It is the fastest growing part of IBM, with over 190,000 professionals serving customers in more than 160 countries. have entered into an agreement that will support and enhance Federated's information technology strategy and keep Federated at the leading edge of technology. Under the terms of a 10-year agreement effective January 1, 1997, IBM Global Services will manage FSG's data center, its help desk and disaster recovery operations. The contract is one of the largest of its type in the retail industry. In making this announcement, James Amann, chairman of FSG, said, "We consider IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) to be a world class leader in managed operations. This agreement will supply us with the latest technology and flexible, cost-effective solutions that will enable us to concentrate on what we do best - develop retail systems for the store and support divisions of Federated." "IBM Global Services specializes in helping companies transform their information systems to work more efficiently as well as support their overall business objectives," said Peter Dance, vice president, distribution industry, IBM Global Services. "Our management of FSG's information technology infrastructure will help Federated meet its long-term goals Long-term goals Financial goals expected to be accomplished in five years or longer. ." FSG has more than 1,200 total employees, approximately 140 of whom are affected by today's announcement. A significant number of such affected employees will be offered employment by IBM Global Services, beginning in February 1997. Others may be reassigned at FSG or offered positions with other affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. . FSG, based in Atlanta, GA, was formed in 1985 and has successfully converted all Federated divisions from separate divisional data processing systems to a common system. Today, FSG offers an integrated line of central merchandising, inventory, sales, operations and distribution, financing and human resource management software. Federated, with corporate offices in Cincinnati and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , is one of the nation's leading department store retailers, with annual sales of more than $15 billion. Federated currently operates more than 400 department stores and more than 150 specialty stores in 36 states. Federated's department stores operate nationally under the names of Bloomingdale's, The Bon Marche, Burdines, Goldsmith's, Lazarus, Macy's, Rich's and Stern's. IBM Global Services, headquartered in Somers, NY, provides business and information technology solutions that enable enterprises to lead in their marketplaces. With $20 billion in revenues and 115,000 professionals in 160 countries, IBM Global Services is the world's largest and most versatile IT services provider. Its capabilities span a complete range, including business transformation consulting, outsourcing, systems integration, product services, education and training, and global network services. -0- (Note: Information on Federated and its operating divisions is available on the Internet, at http://www.federated-fds.com . Copies of past press releases and corporate background data, also is available by calling Fax-On-Demand at 1-800-853-9150. For more information on IBM and IBM Global Services offerings, see the IBM Internet home page at http://www.ibm.com). CONTACT: Federated Department Stores Inc. Jean Coggan, 513/579-7315 or IBM Ken Neal, 914/766-4494 |
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