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BNP Paribas (BNPQY) and IBM (IBM) Announce Six-Year, Management and Support Contract

December 19, 2011 3:46 PM EST
BNP Paribas (OTC: BNPQY) and IBM (NYSE: IBM) announced a six year agreement for management, support and maintenance services of BNP Paribas infrastructure through their joint venture BNP Paribas Partners for Innovation (BP2I) created in 2004.

BNP Paribas Partners for Innovation (BP2I) is a joint venture equally owned by BNP Paribas and IBM for managing IT infrastructures.

Since 2004, BNP Paribas has grown from 95,000 to 200,000 employees, including 150,000 in Europe, and now works with over 22 million customers. The partnership provides BNP Paribas with the innovations needed to respond to their rapid growth and globalization of the banking industry.


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