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IBM Receives $84M Award to Support Fiscal Service Bureau Cloud Migration

The Department of the Treasury has awarded IBM (NYSE: IBM) an $84 million contract to migrate the Bureau of the Fiscal Service’s workload and data to a cloud environment.

An award notice posted Monday on SAM.gov indicates that the indefinite-delivery/indefinite-quantity contract for cloud transition services and support has a five-year performance period slated to conclude Feb. 21, 2028.

The agency sought a platform-as-a-service model as part of efforts to modernize its mainframe system and manage more than 30 applications in hosted infrastructure designed for handling sensitive unclassified government data.

IBM will help the bureau plan the migration project, set up infrastructure and host the new environment.

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