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Oscar Williams

News editor

IBM snaps up new cloud contracts with six major European businesses

IBM has snapped up new cloud contracts with six European businesses developing AI, blockchain and analytics applications.

The deals, the value of which remain undisclosed, come after IBM announced an expansion of its cloud services to several new regions in Europe.

One of the deals involves a partnership with Osram AG, a German multinational lighting firm deploying IBM’s hybrid cloud solution as part of a digital transformation programme.

Another sees IBM partner with the Italian multimedia publisher Gruppo, which is using Watson AI services to provide tax professionals with rapid access to 1.5m documents relating to the Italian tax code.

Meanwhile, the French bank Credit Mutuel is using Watson to develop virtual assistants for customer relations, Spanish health solutions provider Teckel Medical is using the cloud to power an AI medical symptom checker, UK-based RS Components has launched a marketplace for electrical and industrial components, and Netherland’s Koopman Logistics is using the IBM blockchain to monitor its supply chain.

“Enterprises across Europe are gravitating to the IBM Cloud because it helps them modernize their existing infrastructures by gaining access to exciting technologies like AI, blockchain, IoT, analytics and more,” said Sebastian Krause, General Manager IBM Cloud Europe.  “At the same time, these companies know they can trust [us] with the security and privacy of their enterprise data – a crucial differentiator in the current era.”