HP and Banco Sabadell Signing €80 Million Contract

The contract, which names HP as Banco Sabadell's technology partner, includes the purchase of Netfocus S.L., the IT service division owned by Banco Sabadell and Siemens. It additionally provides for outsourcing services and the development and implementation of integrated management of the bank's midrange systems by HP.

Future collaboration will include IT governance, business technology optimisation, business process management and business process testing. HP will implement an integral service management solution within Banco Sabadell and will set up a security competence centre for developing and rolling out solutions targeted specifically at financial environments.

Netfocus S.L. will be integrated into HP, enabling HP to offer a new portfolio of solutions and services, including technology projects for digital signatures in financial environments and government administrations. These services will be enhanced as a result of the combined competencies of the two companies.

In recent months, HP has replaced printers, multifunction devices and desktop computers in the bank's branches and corporate centres. There is also a three-year service contract to significantly reduce maintenance costs and hold down printing costs.

In addition to this agreement, a roadmap for the provision of further outsourcing, consultancy and support services is under development.

Miguel Montes, general manager of IT and Operations at Banco Sabadell, said "This agreement is a milestone in financial services, security and IT services in Spain, optimising quality and service levels, saving costs and thus providing greater value to customers.

"It reinforces Banco Sabadell's commitment to efficiency, innovation and best-in-class management of information technologies and is a pivotal element in the bank's expansion and modernisation strategy."

Jose Louis Pagès, vice president and general manager of Financial Services Industry Sales & Consulting and Integration in Europe, the Middle East and Africa for HP, said: "With the purchase of Netfocus S.L., we will be able to offer highly innovative security solutions and services to all kinds of companies in the private and public sectors - services that no other provider can currently provide" - HP.