By Rogerio Jelmayer
SAO PAULO--The Brazilian unit of International Business Machines
Corp. (IBM) will assume the area of support and maintenance of the
hardware and software of Scopus Tecnologia Ltda, a company fully
controlled by Brazil's giant bank Banco Bradesco SA (BBD).
Under the accord, IBM will provide those services for Scopus
clients, including Bradesco, after the approval by the local
antitrust authority, the bank said. It didn't unveil financial
terms of the accord.
"Scopus will be focused in the area of system development,
security and innovation. On the other hand, IBM will assume our
area of support and maintenance of hardware and software, since we
decided that this is not our core business," said Mauricio Machado
de Minas, Bradesco's vice president and president of Scopus.
Scopus posted net revenue worth 600 million Brazilian reais
($270 million) in 2013. Its main client is Bradesco, while it also
provides service for companies in telecommunication and financial
sector in Brazil.
Write to Rogerio Jelmayer at rogerio.jelmayer@wsj.com
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