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IBM signs £78m outsourcing contract

Antony Savvas

IBM Global Services has won a $132m (£78m) IT outsourcing deal with Spanish bank Banco Sabadell.

The ten-year deal covers the management of Banco Sabadell’s mainframe system, its data processing centre and infrastructure security.

The bank, Spain’s fourth-biggest, said the deal is designed to save it $52m over the duration of the contract.

Banco Sabadell had earlier this year signed a $20m five-year IT maintenance deal with T-Systems of Germany.

Earlier this month, IBM announced that it had won a mammoth IT outsourcing contract with Dutch bank ABN Amro.


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