30 November 2015

IBM secures 10-year la Caixa IT services deal

03 January 2012  |  5645 views  |  0 handshake

La Caixa has inked a 10-year strategic services agreement with IBM which will see Big Blue mange the Spanish bank's infrastructure technology budget, worth EUR2 billion over the period.

IBM will work with Serveis Informatics la Caixa (Silk) to manage the EUR2 billion budget in an alliance expected to save EUR400 million for the bank over the term of the agreement.

Around half of the money will go to IBM for a range of technology, operations, applications and infrastructure services, and the management of data processing centres. The rest of the budget will be used on third-party providers.

The deal also covers collaboration between the la Caixa Innovation Centre in Barcelona and IBM´s research centres, helping the bank push ahead in key areas such as mobility, social media and cloud computing.

Juan Maria Nin, la Caixa general manager, says: "This agreement allows us to offer better services to our clients and obtain competitive advantages in a sector in which innovation and new technologies are key to realizing growth."

The deal builds on a 50-year relationship between the two companies and follows a five-year, EUR200 million contract in 2005.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

10 June, 2011
05 April, 2011
02 November, 2010
09 February, 2005

Related company news


Top topics

Most viewed Most shared
BBVA buys 29.5% stake in Atom for £45...
8053 views comments | 34 tweets | 42 linkedin
Former Barclays chief forecasts massive jo...
6860 views comments | 29 tweets | 35 linkedin
BNP Paribas to test contactless payment di...
6286 views comments | 17 tweets | 25 linkedin
WeChat launches mobile wallet in South Afr...
6009 views comments | 19 tweets | 15 linkedin
Hilton confirms data breach
5665 views comments | 11 tweets | 17 linkedin

Featured job

Competitive Package
New York City, NY. USA

Find your next job