January 15 - 08:01
171D
IBM wins €1 billion Banco Sabadell IT contract
Banco Sabadell will pay IBM €1 billion to overhaul its IT systems over the next ten years. The Spanish private banking giant will consolidate its data and applications in a new hybrid cloud environment. IBM has expertise in this area following last year's acquisition of Red Hat. TSB, a British bank owned by Banco Sabadell, will also work with IBM after suffering a major IT meltdown in 2018.
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