IBM unit plans to hire 600 workers to help fill their 100,000-square-foot cloud computing center

New RTP center may draw up to $7.8M in state incentives

DURHAM, Jul 09, 2010 (The Herald-Sun – McClatchy-Tribune Information Services via COMTEX) –

A subsidiary of IBM is planning to hire 600 workers and invest $3.7 million in a new process service center in Durham’s Research Triangle Park in the next two years.

As a result of the project, IBM Lender Business Process Services Inc., a specialty loan processing company, could receive up to $7.8 million in incentive payments from North Carolina state government during the next decade.

Gov. Beverly Perdue touted the jobs and facility announcement on Thursday, calling attention to IBM’s longstanding presence in the state.

“IBM has been a major employer in North Carolina providing thousands of skilled jobs for more than 30 years,” Perdue said. “We value this company’s ongoing commitment to North Carolina and Research Triangle Park.”

LBPS will begin hiring immediately for the 600 positions, with salaries averaging $50,000.

Employees in the new center will perform various business process outsourcing activities for financial industry clients.

The new center will be in one of IBM’s existing buildings at its sprawling campus in RTP. LBPS also will transfer its Charlotte office to the new facility, while continuing to maintain a presence in Charlotte, according to an IBM spokesman.

“IBM Lender Business Process Services is taking industry-leading steps to apply its broad and deep history of technology and business management capabilities to provide new and innovative solutions to our clients in the financial services industry,” said Bruce McConnel with IBM. “We are strengthening our commitment to business processing services, improving our clients’ flexibility, competitiveness and ability to manage their businesses more efficiently through ever changing dynamic market cycles.”

The new project was made possible by a state Job Development Investment Grant.

For each year the company meets the required performance targets, the state will provide a grant equal to 65 percent of the state personal income withholding taxes derived from the creation of new jobs.

Should the company create the jobs called for under the agreement and sustain them for 10 years, the agreement could yield as much as $7.79 million in maximum benefits for IBM, according to the governor’s office.

This is the most recent project undertaken by IBM in RTP.

In February, the Armonk, N.Y.-based computing giant opened a $362 million, 100,000-square-foot cloud computing center in RTP. Durham County is giving IBM $750,000 in incentives during seven years for the center.

At the same time, IBM also has been restructuring its global workforce, including in RTP.

In March, the company also reportedly began laying off 1 percent of its workforce or about 1,000 workers worldwide. The total number of workers affected in RTP is unknown.

In March 2009, the company disclosed that it had laid off 334 workers at RTP, where it employed about 10,000 people.

“The new services operation furthers our commitment to the state of North Carolina and our ongoing presence in Research Triangle Park,” Bob Greenberg, senior state executive of IBM’s North Carolina operations, said in an official statement on Thursday. “These skilled positions, coupled with our investment earlier this year in an energy efficient cloud-computing data center, demonstrate that as the marketplace demands new skills and technology, growth opportunities in North Carolina continue to be a hub of activity.”

Source TradingMarkets

Follow Us!


Established in 2009, is recognized as one of the leading authorities in cloud computing information. Most of the excellent CloudTweaks articles are provided by our own paid writers, with a small percentage provided by guest authors from around the globe, including CEOs, CIOs, Technology bloggers and Cloud enthusiasts. Our goal is to continue to build a growing community offering the best in-depth articles, interviews, event listings, whitepapers, infographics and much more...
Follow Us!

4 Responses to IBM unit plans to hire 600 workers to help fill their 100,000-square-foot cloud computing center

Join Our Newsletter

Receive updates each week on news, tips, events, comics and much more...

Advertising Programs

Click To Find Out!

Sponsored Posts

Sponsored Posts

CloudTweaks has enjoyed a great relationship with many businesses, influencers and readers over the years, and it is one that we are interested in continuing. When we meet up with prospective clients, our intent is to establish a more solid relationship in which our clients invest in a campaign that consists of a number of


Top Viral Impact

Cloud Infographic: Most Used Cloud Apps

Cloud Infographic: Most Used Cloud Apps

Cloud app and analytics company, Netskope released its quarterly Cloud Report. The new report reveals that enterprise employees are using an average of 397 different cloud apps (most of which are unsanctioned), when IT estimated they have 40-50 — that’s a tenfold underestimation. Below is an infographic provided courtesy of the group at Netskope which goes into further detail.

Cloud Infographic – The Internet Of Things In 2020

Cloud Infographic – The Internet Of Things In 2020

Cloud Infographic –  The Internet Of Things In 2020 The growing interest in the Internet of Things is amongst us and there is much discussion. Attached is an archived but still relevant infographic by Intel which has produced a memorizing snapshot at how the number of connected devices have exploded since the birth of the

Are Cloud Servers The Right Choice For Your Business?

Are Cloud Servers The Right Choice For Your Business?

Cloud servers offer power, flexibility, reliability, and client friendly hosting for small and medium businesses that have outgrown shared hosting. New business hosting clients are bombarded with an incredible diversity of different choices for their site’s hosting. It can be a challenge to negotiate the range of platforms and the marketing hype that many hosting

Can I Contribute To CloudTweaks?

Yes, much of our focus in 2015 will be on working with other influencers in a collaborative manner. If you're a technology influencer looking to collaborate long term with CloudTweaks – a globally recognized leader in cloud computing information – drop us an email with “tech influencer” in the subject line.

Please review the guidelines before applying.


Top Research Assets

HP OpenStack® Technology Breaking the Enterprise Barrier

HP OpenStack® Technology Breaking the Enterprise Barrier

Explore how cloud computing is a solution to the problems facing data centers today and highlights the cutting-edge technology (including OpenStack cloud computing) that HP is bringing to the current stage. If you are a CTO, data center administrator, systems architect, or an IT professional looking for an enterprise-grade, hybrid delivery cloud computing solution that’s open,

Public Cloud Flexibility, Private Cloud Security

Public Cloud Flexibility, Private Cloud Security

Public Cloud Flexibility, Private Cloud Security Cloud applications are a priority for every business – the technology is flexible, easy-to-use, and offers compelling economic benefits to the enterprise. The challenge is that cloud applications increase the potential for corporate data to leak, raising compliance and security concerns for IT. A primary security concern facing organizations moving