IBM signed a 10-year information technology (IT) services agreement with Delhi Stock Exchange (DSE). As part of this Rs 11 crore agreement, IBM will provide business continuity and disaster recovery services to DSE as well as remotely host and manage its IT infrastructure.

The deal would help the exchange meet the stringent business continuity guidelines laid out by Securities and Exchange Board of India (SEBI) before it could resume its operations after a hiatus of six years. By engaging with IBM in a complete operational expenditure (pay-as-you-go) model, DSE will also save 100 percent capital expenditure on IT.

DSE was one of country’s largest stock exchanges – almost at par with Bombay Stock Exchange in the 90’s, and has been in existence for over 60 years. In 2002, however, the exchange became inactive due to negligible trading volumes.

Under this agreement, IBM will build, host and manage the entire disaster recovery infrastructure for DSE from its datacentre. IBM will also provide 24x7 monitoring services for hardware and networking devices from its command center.