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IBM Canada and Celero sign seven-year, multi-million dollar agreement

IBM Canada and Celero sign seven-year, multi-million dollar agreement

Banking & FinanceCanadaCloudTop Stories
IBM Canada and Celero sign seven-year, multi-million dollar agreement

IBM and Celero, a leading solutions integrator for Canadian credit unions, have signed a seven-year, multi-million dollar strategic outsourcing agreement that will modernize and transform Celero’s data center and data center network environments, moving its infrastructure services onto a hybrid cloud environment. Through this agreement, Celero will significantly advance the digital banking technologies, cloud services, security and payment solutions it provides to more than 110 credit unions and financial institutions across Canada, further positioning its capabilities to support business and economic recovery from the implications of COVID-19.

Operational resiliency of critical business services, uninterrupted service, remote and easy access and rigorous data security measures against disruptions and threats are critical for credit unions in how they provide innovative service delivery and excellence to members.

“Innovation cannot stop in a crisis; in fact, it is instrumental in navigating out of one,” said Xerxes Cooper, General Manager of Global Technology Services for IBM Canada. “I believe what we’ll see in a post-COVID economy is those businesses that fought the urge to shift their priorities and instead recognized the imperative to accelerate their Digital Transformation will emerge stronger and more prepared. The vision that Celero is demonstrating in its commitment to innovation and transformation by migrating workloads onto a hybrid cloud environment is a fantastic example of an organization planning for success long-term.”

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