IBM has inked an agreement with BMN, to transform and optimize the bank’s IT infrastructure and applications. As part of the agreement, IBM and BMN will create a new company which will provide application managemen and maintenance. The ten-year deal is valued at approximately $300 million.

BMN is one of the leading financial groups in the Spanish geographic areas. Previously, technology services were delivered by infoCaja, a technology firm owned by BMN and Liberbank.

[Image courtesy: IBM]