Banca Carige SpA has closed a deal with International Business Machines Corp. to outsource its IT management.
The bank's IT structure, including 134 full time equivalent positions, will be transferred to a new subsidiary, Newco, which is 81%-owned by IBM and 19%-owned by Banca Carige.
The consideration for Banca Carige amounted to €10.7 million. The bank said the deal will help save about €40 million on the total cost of ownership over the period of the 2017 to 2020 business plan.
