| IBM and PJSC Ukrsotsbank Ukraine Sign 10-year Services Agreement |
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09/02/2012 06:06 (104 Day 23:06 minutes ago) | |||||
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The FINANCIAL -- IBM and Public Joint Stock Company Ukrsotsbank, part of UniCredit Group, have signed an agreement to outsource the bank's information technology systems and processes to IBM.
As part of the 10-year agreement signed in December 2011 and valued at approximately USD$200M, IBM will assume responsibility for the development and support of PJSC Ukrsotsbank's information systems and applications as well as the management of the bank's IT infrastructure.
According to IBM, under the terms of the agreement, IBM will take over the management and maintenance of PJSC Ukrsotsbank's application portfolio, data center systems, IT network, ATMs, end-user and deskside support. The move is designed to provide substantial benefits to PJSC Ukrsotsbank and its customers, as well as help the bank achieve significant operational savings.
The agreement demonstrates IBM's momentum in growth markets and signals its readiness to broaden its presence in Ukraine where it has been present since 1992. Through the implementation of the latest technologies and business processes, the agreement will also provide an infusion of resources and knowledge into the local skills base supporting the development of next-generation technology talent in Ukraine .
As part of its geographic expansion initiative to increase its presence in emerging, high-growth cities and regions, IBM is actively expanding its business operations in Russia and the Commonwealth of Independent States. IBM has 14 offices across the region including MOSCOW , St. Petersburg, Krasnoyarsk, Novosibirsk, Perm, Ekaterinburg, Samara, Rostov-on-Don, Kazan, Ufa, Kiev and Dnipropetrovsk (Ukraine), Almaty (Kazakhstan) and Tashkent (Uzbekistan).
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