IBM has won a five year IT services contract with Bank Austria that will see around 300 of the client's tech staff move to a new centre in Vienna.
The vendor says it will provide IT support and application services to help reduce the complexity of the bank's operations and let it concentrate on customers.
As part of the deal IBM will build a Vienna banking centre where around 300 of the bank's 900 IT employees will join IBM staffers, developing and delivering application, databases and IT support.
Willibald Cernko, CEO, Bank Austria, says: "IBM has been a key provider of hardware solutions for Bank Austria and we are pleased that with the new services agreement we continue to benefit from IBM's expertise and have the opportunity to consolidate processes within the Bank that enable us to focus on core competencies and customer needs."
The arrangement could be the first of several, with Bank Austria's parent company UniCredit planing similar set ups in other European countries.