Gap will pay IBM roughly $1.1 billion over the next decade to assume a number of the clothing retailer’s technology operations, The Boston Globe reports. Within a Securities and Exchange Commission (SEC) filing, Gap said the deal, reached Friday, is nonexclusive. IBM will rework Gap’s IT operations while taking on about 400 Gap employees, as well as provide help and disaster-recovery services.The decision to outsource technology operations was to reduce costs, according to the San Francisco-based retailer who operates Gap as well as other popular retailers like Banana Republic and Old Navy. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe IBM was due to report its fourth quarter earnings today, the same day the deal was disclosed. By Al Sacco Related content feature 10 digital transformation questions every CIO must answer Impactful DX requires a business-centric approach supported by the right skills, culture, and strategy. Here’s how to assess whether your digital journey is on the path to success. By Mary K. Pratt Sep 25, 2023 12 mins Digital Transformation IT Strategy IT Leadership feature Rockwell Automation makes shift to ‘as-a-service’ model Facing increasing competition from cloud hypervisors that see manufacturing as prime for disruption, the industrial automation giant has undertaken a major transformation to add subscription software services to its core business. By Paula Rooney Sep 25, 2023 6 mins Manufacturing Industry Digital Transformation IT Strategy brandpost Fireside Chat between Tata Communications and Tata Realty: 5 ways how Technology bridges the CX perception gap By Tata Communications Sep 24, 2023 9 mins Emerging Technology brandpost From telco to ‘TechCo’: how NTT Comware reinvented itself By Sourced Group Sep 24, 2023 4 mins Digital Transformation Telecommunications Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe