November 15, 2006 18:51 ET

Myer Partners With IBM for IT

SYDNEY, AUSTRALIA -- (MARKET WIRE) -- November 15, 2006 -- Australian retail business Myer announced today that it has signed a five-year IT outsourcing deal with IBM Australia (NYSE: IBM).

Under the scope of the contract, IBM will supply a range of IT services to Myer including AS400 Support, Midrange Services, Data Networking, Desktop, Applications Maintenance and Development and Helpdesk Services.

On announcing the contract signing Myer CEO, Bernie Brookes said, "This is a significant step for the Myer business under the new ownership of TPG Newbridge and we are pleased to be partnering with such a globally recognized and respected company such as IBM."

Following the sale of Myer earlier this year, previous owner Coles Myer Limited (CML) has been providing Myer with IT services and support under a transitional arrangement.

"Our IT relationship with CML has been extremely professional and they have assisted us during the tender process and will continue to work with Myer over the next 12 months as we transition selected IT components over to IBM," said Brookes. "Being in charge of our own IT strategy and future investment in systems remains paramount and we will continue to look at other best of breed technology solutions as we continue the Myer transformation to becoming a world class department store chain," he said.

IBM Global Technology Services General Manager Peter Campbell said IBM looked forward to working closely with Myer and helping it to reach its full market potential.

"IBM is delighted to partner with Myer on its transformational journey, and will draw on the breadth of its technology services and retail industry expertise to support Myer's overall business strategy," said Campbell.

Under the terms of the contract Myer will continue to have direct commercial arrangements with all its other current IT 3rd party vendors

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