AUGUST 27, 1968
IBM Australia has announced three insurance industry deals worth a total of $3.25 million.
The computer has received an order from Prudential Assurance for an IBM System/360 Model 40 with peripheral facilities for the mass storage of data and for a policy inquiry service.
The other two orders came from AMP Society and the Mutual Life and Citizens Assurance company. These two were obtained at the end of 1967.
Burroughs to bulk up
BURROUGHS has been demonstrating in its Sydney offices a computer that was the centre of a sensation in the US last year.
The storm occurred around a $101.5million US Air Force contract awarded to IBM last year for personnel and accounting computer systems.
After protests from IBM's competitors, the contracts were re-let and the air force then went for a number of the B3500 models.
The importation of the B3500 and the marketing efforts surrounding it indicate a serious intention by the local Burroughs subsidiary to enlarge its local penetration.
Globally, Burroughs wants much better performance from its electronic data processing division. By 1972 the company wants sales of about $450 million from computers, compared with $71 million in 1967.
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