IBM will deliver 20 high-performance mainframe computers to a German financial IT service company in a deal worth over €100 million ($127 million), IBM spokesman Hans-Jürgen Rehm said Friday.Sparkassen Informatik GmbH & Co. KG in Münster, Germany, will deploy IBM’s new eServer zSeries 990 mainframes, replacing 36 existing zSeries 900 machines over the next four years, according to Rehm. “This is one of the largest mainframes contracts we have won in recent years,” he said.With the new mainframes, the German IT service provider will increase its computing capacity to around 100,000 MIPS (million instructions per second), according to Rehm.“To meet its rapidly rising computing needs, Sparkassen Informatik saw a need to consolidate its mainframes and decided to move to more powerful machines,” Rehm said. Sparkassen Informatik provides computer services to around 240 German savings banks, accounting for about 25% of all IT services offered to retail banks in the country, IBM said. The group processes more than 23 billion transactions yearly, with its services supporting around 30 million customers, the Armonk, N.Y., company said. Related content news Broadcom to lay off over 1,200 VMware employees as deal closes The closing of VMware’s $69 billion acquisition by Broadcom will lead to layoffs, with 1,267 VMware workers set to lose their jobs at the start of the new year. By Jon Gold Dec 01, 2023 3 mins Technology Industry Mergers and Acquisitions news analysis Cisco joins $10M funding round for Aviz Networks' enterprise SONiC drive Investment news follows a partnership between the vendors aimed at delivering an enterprise-grade SONiC offering for customers interested in the open-source network operating system. By Michael Cooney Dec 01, 2023 3 mins Network Management Software Network Management Software Network Management Software news Cisco CCNA and AWS cloud networking rank among highest paying IT certifications Cloud expertise and security know-how remain critical in building today’s networks, and these skills pay top dollar, according to Skillsoft’s annual ranking of the most valuable IT certifications. Demand for talent continues to outweigh s By Denise Dubie Nov 30, 2023 7 mins Certifications Certifications Certifications news Mainframe modernization gets a boost from Kyndryl, AWS collaboration Kyndryl and AWS have expanded their partnership to help enterprise customers simplify and accelerate their mainframe modernization initiatives. By Michael Cooney Nov 30, 2023 4 mins Mainframes Cloud Computing Data Center Podcasts Videos Resources Events NEWSLETTERS Newsletter Promo Module Test Description for newsletter promo module. Please enter a valid email address Subscribe