PLANO, Tex. and SYDNEY, Australia - Commonwealth Bank of Australia has signed a seven-year, $700-million outsourcing contract with Electronic Data Systems Corp.

The contract, which was announced Thursday, covers integration of the technology services of Commonwealth Bank and its merger partner, Colonial Ltd. Some existing outsourcing agreements between Colonial and other providers are expected to continue despite the EDS contract.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.