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Stories by Ben Woodhead and Chris Jenkins

Systems blend key to bank merger

Westpac Banking Corporation is facing an information systems integration bill of more than $220 million but would shave at least $43 million a year off its computing and communication costs under its proposed $18.6 billion acquisition of St George Bank.
The bill could rise even higher if Westpac used the integration as an excuse to replace its ageing core business systems, but broad similarities between the acquirer's computer platforms and its target's could also dull some of the potential for pain in the merger.

Written by Ben Woodhead and Chris Jenkins19 May 08 22:00

HP-EDS merger to cause big ripples

Australia's $16.9 billion computer services market is headed for a shake-up as Hewlett-Packard chases a $US12.6 billion ($13.4 billion) merger with global outsourcing heavyweight Electronic Data Systems.
HP and EDS yesterday confirmed they were in "advanced discussions" about a possible merger that would have implications for major local customers of both companies, which include the Commonwealth Bank of Australia, Australian Taxation Office and Bank of Queensland.

Written by Ben Woodhead and Chris Jenkins13 May 08 22:00

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