AstraZeneca signs a £1.2bn outsourcing deal with IBM to manage the chemical company's global IT infrastructure covering 45 countries. AstraZeneca advised by Shaw Pittman (Andrew Moyle). IBM was advised in-house.
Parent company of WebFusion Internet Solutions, Magic Moments Internet, acquires One 2 One Advertising & Telecommunications. The company is also placing £2.5m worth of new shares with strategic marketing alliance partner Atlantic Telecom Group. Magic Moments advised by Eversheds (Ben Johnson). One 2 One advised by Garretts' Manchester and Cologne offices.