-German Norcom, DB Systel to seal IT support agreement

Internet Business News
07-21-2011
-German Norcom, DB Systel to seal IT support agreement

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

21 July 2011 - German software and consultancy firm Norcom Information Technology (ETR:NC5) said today it will enter into agreements with DB Systel for three out of four lots under the European Union procurement framework IT Productions and Support (ITPS).
Under the agreements, which are effective from August 1, Norcom together with other companies, will cover DB Systel's support services during several years.

The total volume of the EU procurement ITPS for the four lots is some EUR30m (USD42.5m) a year, DB Systel said. Norcom estimates that they can generate revenue of EUR3m to EUR5m a year.

DB Systel is the internal services provider of German railway operator Deutsche Bahn AG. It is responsible for the execution of the ICT projects and the support of the ICT applications of Deutsche Bahn.

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