IBM and Banco de Credito del Peru Announce Strategic IT Services Partnership With Total Contract Value of More than US $100M

BCP to improve the operational efficiency of its end-to-end information technology (IT) infrastructure with IBM services


IBM (NYSE: IBM) and Banco de Credito del Peru (BCP) announced today a five-year agreement for IT outsourcing services. The agreement will enable BCP to optimize its operational expenses, relying on IBM to provide IT infrastructure management services, including support, operation and maintenance of the bank's mainframe, midrange and storage platforms. The total contract value is more than US$100 million.

IBM will manage the transformation of the Bank's IT infrastructure and implement infrastructure management tools and processes, and introduce key performance indicators to effectively manage service levels. The Bank will benefit from improved operational efficiency, and enhanced business continuity capabilities.

Furthermore, BCP will achieve increased flexibility in terms of IT infrastructure costs, aligning its IT spending to its business needs. The improvements will help BCP prepare to scale up and meet expected growth in coming years.

"This announcement is clearly a milestone for IBM, proving BCP's trust in IBM's skills and industry expertise. This year marks IBM's 80th anniversary of uninterrupted presence in Peru, and BCP's decision confirms the value we contribute to this country. At IBM, we are truly committed to developing our relationship with the Bank applying the highest quality standards," said Ricardo Fernandez, general manager, IBM Peru.