IBM and Sprint Nextel have reached a settlement agreement to end the lawsuit filed by Sprint in May that charged IBM with not meeting contractual goals for productivity increases that were part of a five-year, $400,000 applications outsourcing pact inked in 2004, Computer Business Review reports.Financial details of the settlement were not made public, according to Computer Business Review.Sprint employed a formula to determine the compensation it was owed for IBM’s alleged failure to meet productivity targets, and it requested $6.4 million in its suit, Computer Business Review reports. At the time, IBM expressed some concern with the way the number was derived. 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 Sprint requested that its suit be tossed out of court, though the settlement terms are currently unknown, according to Computer Business Review. The two firms will continue to work with each other under the applications outsourcing deal, and they’ll also collaborate on another customer service partnership they agreed to in 2004, Computer Business Review reports.Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature SAP prepares to add Joule generative AI copilot across its apps Like Salesforce and ServiceNow, SAP is promising to embed an AI copilot throughout its applications, but planning a more gradual roll-out than some competitors. By Peter Sayer Sep 26, 2023 5 mins CIO SAP Generative AI brandpost Mitigating mayhem in a complex hybrid IT world How to build a resilient enterprise in the face of unexpected (and expected) IT mayhem moments. By Greg Lotko, Senior Vice President and General Manager, Mainframe Software Division Sep 26, 2023 7 mins Hybrid Cloud brandpost How AI can deliver eye-opening insights for IT AIOps can leverage machine learning to provide a robust set of proactive predictive analytics capabilities for a wide range of infrastructure. By Carol Wilder, VP of Product Management, Dell Technologies Sep 26, 2023 6 mins Artificial Intelligence brandpost 5 steps we can take to address the cyber skills shortage The cyber skills shortage is not going away anytime soon, despite the progress we are making as an industry to attract new talent. Per the latest “ISC2 Cybersecurity Workforce Study,” we added more than 460,000 warm bodies over the past y By Leonard Kleinman Sep 26, 2023 7 mins IT Leadership 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