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Software industry

PSW Technologies Signs Master Procurement Agreement with IBM

Strategic Insights

— 1 min read

IBM, a leading technology company, has signed a Master Procurement Agreement with PSW Technologies, a software development and systems integration services provider. This agreement allows PSW to expand its project-managed software development, porting, and testing work throughout IBM's internal plants and labs in the United States. The partnership highlights the growing acceptance of value-based pricing models in the information technology services industry, where PSW's fixed-price projects feature specific deliverables and billing events.

Key Takeaways:

  • PSW Technologies has signed a Master Procurement Agreement with IBM, allowing the company to expand its software development and testing work within IBM's internal plants and labs in the United States.
  • The agreement signals the growing acceptance of value-based pricing models, which feature fixed-price projects with specific deliverables and billing events.
  • PSW Technologies' business model and proven project life-cycle methodologies have been recognized by Open Systems Advisors (OSA), which selected PSW as the only software services provider to be included in OSA's prestigious 1998 Crossroads A-List.
  • PSW has been responsible for the success of more than twenty distinct projects for IBM, including the development and testing of Windows NT and AIX platforms.
  • The agreement between IBM and PSW Technologies is expected to foster a closer and more productive partnership between the two companies.
  • PSW Technologies has a strong track record of providing exceptional software development and testing services to IBM and its subsidiaries and customers.

Statistics:

  • More than twenty distinct projects have been completed by PSW for IBM, including real-time support organizations for AIX RS/6000.
  • PSW has completed multiple projects for IBM subsidiaries such as Tivoli, Transarc, and Lotus.
  • PSW Technologies has assisted IBM customers like MCC Behavioral Care, U.S. Bancorp, Chase Bank, and others with the implementation and customization of IBM technologies.
  • The company maintains its competitive edge by working with technology vendors to develop emerging technologies and then applying this expertise to build leading-edge commercial applications.
  • PSW Technologies has offices in Boston, Seattle, Chicago, and the San Francisco Bay Area.

Sources:

  • PSW Technologies, Inc. (Nasdaq: PSWT)
  • IBM (NYSE: IBM)
  • Open Systems Advisors (OSA)
  • PR Newswire
  • Securities and Exchange Commission filings and reports.

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