IBM, a leading multinational computer technology and consulting corporation, has signed a 10-year information technology (IT) services agreement with Delhi Stock Exchange (DSE), one of the leading stock exchanges in India.

Under the contract, valued at Rs 11 crore, IBM will build, host and manage the entire disaster recovery infrastructure for DSE from its data center.

In addition, IBM will also provide 24x7 monitoring services for hardware and networking devices from its command center. The move will help the exchange to meet the stringent business continuity guidelines as laid out by SEBI before it could resume its operations after a hiatus of six years.

The exchange by engaging with IBM in a complete operational expenditure (pay-as-you-go) model is expected to save 100 percent capital expenditure on IT.