IBM targets rivals with info tech maintenance product

Ict - 11/04/2012

(Reuters) - IBM is taking aim at competitors such as Hewlett Packard Co and Oracle Corp with PureSystems, a new product line that helps companies reduce time and money spent on increasingly complex information technology maintenance. Data from both IBM and research firm IDC shows that companies spend upwards of 70 percent of their IT budgets on simple operations and maintenance, leaving little to invest in innovation. Perhaps more alarmingly, two-thirds of corporate IT projects exceed the allotted budget and are delivered behind schedule.