IBM to Enhance "la Caixa"

International Business Machines Corp. recently collaborated with Serveis Informatics la Caixa, S.A. to provide IT infrastructure, operating and management services to "la Caixa", a Spanish bank. Additionally, the company will as well manage the bank's data centers in Cerdanyola del Valles and San Cugat, Barcelona.

The alliance with IBM

Through the alliance with IBM, "la Caixa" is expected to make the necessary technological enhancements for furthermore business development in Spain and expand their global footprint by incorporating the innovations in the financial sector, just as social media, mobile banking capabilities and cloud computing techniques, in its operations. The bank is expected to save 400 million euro while the term of the agreement.

We believe that IBM will continue to benefit from its spate of new initiatives like smarter planet, business analytics and optimization, and cloud computing over the long term. It has already supported innumerable organizations with its industry-ready software and hardware solutions. Strategic acquisitions in the field of cloud computing and business analytics are likely to help the company grow over the long term. IBM's strong balance sheet and robust cash flow enable it to acquire companies with high intellectual properties, which in turn will help IBM to stay ahead of its peers and drive both top-line and bottom-line growth.