23 August 2017
Find out more

IBM reports El Monte IT services deal

05 June 2006  |  4843 views  |  0 IBM logo overlaid over Canary Wharf tower

Spanish savings bank El Monte has signed a new six year IT services agreement, worth EUR29 million, with IBM.

Under the contract IBM will manage the bank's applications and central mainframe IT infrastructure through to 2012.

IBM says the new contract extends the five year deal signed in 2002 and includes a 25% increase in the power of the bank's technology systems.

The aim of the new agreement is to provide El Monte with more flexibility to respond to recent fast growth in the business, says the vendor.

Manuel López Casero, El Monte's services and administration manager, says: "This agreement will also allow us to grow and better respond to market changes counting on a flexible infrastructure and access, through IBM, to best pratices in the market and also to cutting edge technologies."
KeywordsOUTSOURCING

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

Viewpointe selects IBM to build new cheque image archive

Viewpointe selects IBM to build new cheque image archive

24 May 2006  |  5091 views  |  0 comments
IBM signs Kyobo Life Insurance to IT services

IBM signs Kyobo Life Insurance to IT services

31 March 2006  |  4926 views  |  0 comments
IBM backs open source alternative to Microsoft ID management scheme

IBM backs open source alternative to Microsoft ID management scheme

28 February 2006  |  6149 views  |  0 comments
Wing Lung Bank and IBM ink software development deal

Wing Lung Bank and IBM ink software development deal

22 February 2006  |  5014 views  |  0 comments
IBM inks Banco Espírito Santo IT outsourcing contract

IBM inks Banco Espírito Santo IT outsourcing contract

13 January 2006  |  5443 views  |  0 comments
El Monte selects Teradata for data warehousing

El Monte selects Teradata for data warehousing

14 March 2003  |  3237 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.eudownload the paper nowvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12733 views comments | 27 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11360 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10517 views comments | 21 tweets | 34 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10476 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10440 views 0 | 6 tweets | 1 linkedin

Featured job

Find your next job