IBM on Monday bagged a 10-year IT outsourcing order worth Rs 298 crore from financial services provider India Infoline (IIFL).

Soon, IBM will be taking over the IT operations of IIFL which includes managing over 700 of its branches across India.

The IT infrastructure at IIFL consists of over 450 servers in five data centres and nine local server rooms with 15,000 end-user assets across branches. It includes a Wide Area Network that connects all IIFL offices to the corporate offices in Mumbai.