It will create about 40 roles from boiler engineers to back office support staff.
Other savings will be made in "back office" functions and by joint working with partner organisations.
And it's not just servers in the back office that can benefit from virtualisation.
As Bhasin tells it, GE was brave to open its pilot back office at DLF Corporate Park in 1997.
The second category is the greenfield start-up companies that need back office operations set up from scratch.
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Over the last few decades, large companies around the world have successfully automated their back office operations.
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Even back office work like human resources and accounting, is now handled by part-time or contract labor.
The supermarket said it would move support and back office services away from Lloyds over a 42-month period.
"His knowledge of the back office apparently helped him to disguise what he was doing, " the banker said.
Now they have infrastructure to run their business from fundraising to trading to back office accounting and investor reporting.
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As well as slimming down the so-called back office, Uttlesford has also benefited from the government's new home bonus.
The finishing touches, including new cabinetry in the back office, are under way.
He said council chambers would remain at County Hall, and that the new office was for "back office staff".
We're not talking about back office here - HR, payroll and so on.
But somehow the back office software business manages to mint more than its share of the super-rich, it seems.
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Some candidates want to press on with more privatisation of back office roles.
We are now working with a Tier 2 investment bank which is looking to outsource its securities back office.
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Safer Harrow was one group which was concerned that redeploying back office staff would have an impact on intelligence-led policing.
Southwest One was set up to save money by carrying out back office tasks for two councils and the police.
Southwest One carries out back office tasks for Somerset county and Taunton Deane borough councils and Avon and Somerset Police.
Accounting data is held in the back office, which has none of the glamor or profitability of the trading operations.
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They must then log into the iPhoneSIMfree "back office" via WiFi connection where the iPhone will be registered and unlocked.
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Drivers, engineers and back office staff walked out at 00:01 GMT for 24 hours as part of dispute over pay.
But will India's own companies ever venture out of the back office and start developing intellectual property of their own?
By sharing back office functions and working more efficiently Mr Griffiths was confident that new body would deliver within the budget.
Back office and legal staff in offices such as John Dryden House, off Bedford Road, could be part of the move.
The campaign shows that by performing back office services, Xerox allows its partners to focus on their business better and more efficiently.
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The single standard allows a bank to monitor its counterparty risks globally, streamlines back office processing and reduces costs in data management.
But if Meyers is around and not too busy, he will take you into the back office that was once the stage.
Clearance services ensure trades made between buyers and sellers of shares "settle" by essentially overseeing the back office administration behind the transactions.
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