Accenture has signed a deal to acquire Itaca Service, an IT services business owned by Banco Popolare subsidiary, Banca Italease. The vendor has also inked five year outsourcing agreements with Banco Popolare and Itaca Service customer Alba Leasing.
Itaca Service provides IT services to Banco Popolare's leasing companies and to Alba, a lease financing specialist owned by a group of Italian banks.
Under the acquisition deal - financial terms of which were not disclosed - 33 Itaca Service staff will move to Accenture. These staff will then fulfil the new five-year outsourcing agreements, providing application management and infrastructure services to support the two customers' leasing operations.
The vendor will develop, maintain and support Banco Popolare's and Alba's entire leasing applications portfolio, including leasing products management and regulatory reporting applications.
Accenture will also manage the IT infrastructure for these companies' leasing operations, including remote management and support, data centre operations, network and deskside support services.
Ottavio Rigodanza, COO, Banco Popolare, says: "It's important for Banco Popolare Group to ensure its leasing applications and infrastructure are aligned with its business strategy, while optimizing overall IT costs. With Accenture's support, we will benefit from improved quality of services, and we will be able to focus more on our core activities and on growing our business."