View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 4, 2005

Accenture signs 10-year IT outsourcing contract with Spanish bank

Accenture has signed an information technology outsourcing agreement with Caixa Catalunya, Spain's third-largest savings bank, valued at more than $290 million over ten years.

By CBR Staff Writer

Under the terms of the deal, Accenture will provide Caixa Catalunya and its subsidiaries with outsourcing services for IT functions such as infrastructure operations and maintenance, application maintenance, system integration, and technical help desk.

The work will be performed through ITC, a company jointly owned by Caixa Catalunya and Accenture that provides services to other clients in Spain.

The agreement extends an earlier contract for similar services, signed in 1998, that was designed to increase cost efficiency while providing access to new technologies.

Stephen G. Racioppo, global managing partner for outsourcing in Accenture’s Financial Services practice, said: Banks need to be more cost efficient and more flexible to win their share of growth, and selective outsourcing is an increasingly important strategy for high-performance companies.

Racioppo continued, By outsourcing, Caixa Catalunya achieves a leading-edge technology and operating infrastructure while freeing up resources to concentrate on improving multi-channel marketing and customer relationship initiatives.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.