IBM has added four more financial services institutions to its portfolio of IT outsourcing service clients. Germany’s HSH Nordbank has signed a five-year contract valued at more than E100m and Spain’s Banco Guipuzcoano has extended a services contract for seven years. In Latin America, BankBoston has signed a 10-year agreement with IBM for managing and operating the services and security of its data centre and contingency. And in Venezuela, Venezolano de Crédito has renewed its business continuity and recovery services contract to overcome potential business interruptions and ensure its operational continuity.

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