CenturyLink's (NYSE: CTL) new CenturyLink Technology Solutions has scored a large hybrid outsourcing contract with The Procter & Gamble Company, a move that will change how one of the largest consumer packaged goods companies procures and consumes IT services.
Through this contract, CenturyLink will offer a suite of hybrid IT infrastructure services via a consumption-based pricing model. What this means is that Procter & Gamble' employees "can bundle and select the technology services they need, when they need them."
Serving as the foundation for this hybrid environment is a custom solution that combines consulting, dedicated support desk and application services with cloud and managed hosting capabilities.
The service provider will also give the company access to a number of complementary solutions from partners Cisco, NetApp, SAP and others.
While this contract is new, the deal builds on a web hosting relationship that CenturyLink Technology Solutions' predecessor company Savvis established in 1999.
Gaining this new deal with The Procter & Gamble Company is significant for CenturyLink as it looks to further establish the new CenturyLink Technology Solutions brand it launched in January.
Although the CenturyLink Technology Solutions brand is still new, the unit continues to be one of its top performers. In the fourth quarter of 2013, the unit's operating revenues were $353 million, up 3.8 percent year-over-year.
- see the release
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