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Two and a half years after NiSource Inc. reached a 10-year $1.6 billion outsourcing agreement with IBM—and eliminated more than 5 percent of its employees corporate-wide—the company is conceding that the originally projected cost.

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INDIANAPOLIS (AP) — IBM Corp. must post a $25 million bond as it appeals a $78 million judgment in a long-running case that stems from the company’s failed effort to automate much of Indiana’s welfare services, a judge has ruled.

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Two and a half years after NiSource Inc. reached a 10-year $1.6 billion outsourcing agreement with IBM—and eliminated more than 5 percent of its employees corporate-wide—the company is conceding that the originally projected cost.

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