Pomeroy IT Solutions (PMRY) Entered New Multi-Year IT Services Contract with Fifth Third Bank (FITB)
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Pomeroy IT Solutions (Nasdaq: PMRY) has entered into a new multi-year IT services contract with Fifth Third Bank (Nasdaq: FITB), one of the top 15 largest holding banks in the United States, to effectively extend the Company's status as Fifth Third's incumbent provider of IT service desk, technology deployment and desktop support services for at least three more years. The new three-year support contract, which began in October, also contains an option for the parties to extend the IT support services engagement for an additional two years by mutual agreement.
Fifth Third Bank initially outsourced certain IT support functions to Pomeroy in 2004. Under the new IT support contract, Pomeroy will continue providing substantially similar IT support services to Fifth Third Bank employees in Ohio, Kentucky, Indiana, Michigan, Illinois, West Virginia, Tennessee, North Carolina, Georgia, Florida, Missouri, and Pennsylvania.
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