Norges Bank signs major IT contract with Basefarm

Norges Bank has signed a six-year contract with Basefarm for infrastructure, operation and monitoring of Norges Bank’s platform for systems that are critical to society. The contract value is in the order of NOK 470 million.

The platform is designed to ensure high levels of accessibility, while also meeting Norges Bank’s requirements to security and separation. The systems critical to society are the bank’s most sensitive solutions and require an extremely high security level.

The delivery is based on Basefarm’s “infrastructure as code” technology, and Basefarm will provide continuous monitoring and operation of the platform and services.

About Norges Bank

Norges Bank’s aim is to ensure economic stability in Norway. The bank has executive and advisory duties within monetary policy and must contribute to robust and efficient payment systems and financial markets. Norges Bank manages the country’s foreign exchange reserves and the Government Pension Fund Global. Core tasks of Norges Bank:

Promote price stability through monetary policy.
Promote financial stability and contribute to robust and efficient financial infrastructures and payment systems.
Carry out effective and trustworthy portfolio management of the Government Pension Fund Global and the bank’s own foreign exchange reserves.

About Basefarm, a company in the Orange Business Services SA

Basefarm is a European Managed Service Provider of business-critical IT solutions. The company creates market leaders by integrating the key competencies for digital transformation – big data, cloud computing and information security, into one service offering. Our delivery model covers the entire spectrum from innovation through commissioning to continuous production, including strategy consulting, implementation projects and infrastructure operations with a common operating model regardless of the cloud platform chosen. Basefarm was established in Norway in 2000 where the company also provides data centre services. A team of over 760 IT engineers and consultants services global clients from European offices and data centres in Norway, Sweden, the Netherlands, Germany and Austria.