Of Special Interest
6th January 2012
IBM 10 year infrastructure deal with La Caixa
IBM has agreed a 10 year deal to handle the infrastructure for La Caixa, the retail banking operations of Caixabank. The overall deal value is around $2.6bn and as the prime vendor IBM believes the value to it will be around one half of this amount. It is to "provide technology, operations, applications and infrastructure services to the bank and and will manage its data processing centers, located in Cerdanyola del Valles and San Cugat, Barcelona".
IBM estimate savings to La Caixa of around $400m during the lifetime of the deal.