Polish state-owned retail banking group PKO BP has awarded a consortium led by Warsaw-based Softbank and including US technology consulting firm Accenture, a contract worth $113 million for the supply of IT systems and services, according to a report by Reuters.
The contract covers software licences, the supply and implementation of a cusomised IT infrastructure and staff training.
Work on the system begins in October and is expected to be completed by the end of 2006.
According to Reuters, Softbank said it would receive $80 million over five years from the deal. Softbank CEO Aleksander Lesz said he expected the impact from the deal to appear in the first half of 2004. The vendor is also expected to win futher maintenance work once the system is implemented.
East European systems integrator Prokom, which owns a minority stake in Softbank, is also expected to win business under the deal.