IBM Announces a 10-Year Strategic Partnership with UniCredit to Deliver New Services

 IBM Announces a 10-Year Strategic Partnership with UniCredit to Deliver New

The multi-billion dollar agreement will enable UniCredit to leverage
innovative solutions and Cloud technology, gaining significant levels of
efficiency and competitiveness

PR Newswire

ARMONK, N.Y., July 18, 2013

ARMONK, N.Y., July 18, 2013 /PRNewswire/ -- IBM (NYSE: IBM) announced today a
multi-billion dollar, 10-year agreement to transform the IT infrastructure
that supports all of UniCredit's commercial and private banking activities in
Europe. As a result of this transformation, UniCredit will gain dramatic
efficiency and flexibility with the introduction of new service models and a
cloud-based infrastructure for its data centers. As a result, Unicredit
clients would be able to access new and innovative services that meet the
growing demand for sophisticated financial services in Europe.

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The agreement will include the creation of a joint venture between UniCredit
Business Integrated Solutions – the global service company of UniCredit - and
IBM, which will have employees in Italy, Germany, Austria, Slovakia, and Czech
Republic of both companies. With the combination of leading edge skills
applied to the banking industry, the new company is ideally positioned to
contribute to reshaping the industry in Europe. As part of the agreement, the
company will market and deliver IT infrastructure services not only to
UniCredit, but also to other companies and institutions. 

Innovation is at the foundation of the partnership between the two companies.
IBM and UniCredit will establish a Value Creation Center that will aim to
harness innovation to provide superior service and drive success for clients
on a continuous basis. The Center will monitor trends in the banking and IT
industries and identify emerging disruptive technologies to be rapidly
introduced into UniCredit's infrastructure.

Cloud analytics will make it possible for UniCredit to better predict and
understand trading in financial markets, manage spending and provide the most
innovative customer solutions.

"UniCredit's innovation-driven approach to sourcing reflects changing
motivations in the strategic sourcing marketplace," said Erich Clementi,
senior vice president, IBM Global Technology Services. "When making sourcing
decisions, forward thinking organizations like UniCredit are moving beyond
basic needs like cost-cutting to higher-order business outcomes such as
growth, competitive advantage and, of course, innovation."

Major organizations which are leaders in the world markets choose to go into
partnership with IBM to access superior innovative technologies to acquire
necessary capabilities and expertise. According to the IBM Center for Applied
Insights study, "Why partnering strategies matter," involving more than 1,300
business and IT sourcing decision makers worldwide, organizations that have
made that shift are outperforming on a host of financial measures, including
revenue and gross profit growth.

About IBM Cloud Computing

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Trink Guarino
IBM Media Relations
(203) 947-4632

Alessandro F. Ferrari
IBM Media Relations

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