IBM has won a five-year IT contract with Bank of Ireland. The contract had previously been held by Hewlett-Packard. IBM will manage the group’s entire IT infrastructure, including desktop systems, servers, mainframes, local area networks and service desk.

Larry Kiernan, chief technology officer and head of group IT at the bank, said the company would continue to work closely with HP to ensure a “smooth transition” to IBM.

IBM was awarded the contract following a competitive bid process. Both IBM and Bank of Ireland declined to disclose the financial terms of the deal, which was signed in July.