August 4, 2006 11:13 AM PDT
HP extends Canadian Imperial Bank contract
The deal, according to a statement from HP, is assessed at $1.2 billion over the next seven years. HP also will assist as CIBC continues its transition into new electronic banking technologies, the company said in its statement. It will maintain CIBC's network and storage management systems, as well as operating systems and applications. CIBC will retain responsibility for its own desktop support infrastructures.