The failure of merger talks with Sun Microsystems could not stop the Big Blue from inking new deals and agreements. The Armonk, New York based International Business Machines Corporation (IBM) on Thursday declared that it has signed a seven-year deal with Sun Life Financial and five-year outsourcing deal with Sainsbury's.

According to IBM, it will offer tech services to the Toronto, Ontario insurance provider Sun Life Financial, under the deal worth about $240 million. It will handle the insurance provider’s IT infrastructure, including its mainframe computer operations, in Canada and the United States. The deal is enhancement of the outsourcing agreement that it signed with the insurance provider in 2002.

Saad Toma, general manager of Global Technology Services for IBM Canada, said, "Our relationship is being extended to provide new, highly integrated, cost-effective, and intelligent solutions to support Sun Life's business goals.”

IBM announced that it has inked a five-year outsourcing deal with Sainsbury's, under which IBM build smarter inventory systems for the British retailer. The inventory systems that will be created on the WeSupply supply chain platform, will electronically link Sainsbury's with its 4,000 suppliers.

Tim Goalen, director of supply chain operations for Sainsbury's, "To support our continued growth, we were looking to enhance our collaboration with suppliers without a significant increase in cost, while continuing to introduce greater intelligence into our supply chain.”

IBM’s merger talks with Sun Microsystems failed because of the price issues. According to reports, IBM was offering the price lower than the actual value of Sun Microsystems. However, IBM and Sun Microsystems declined to comment on the issue.