Cisco and BBVA announced a significant advancement in their strategic alliance by signing a Strategic Whole Portfolio Agreement (WPA), granting BBVA expedited access to Cisco’s extensive software and Customer Experience (CX) portfolio.
This tech contract marks BBVA as the first EMEA-based financial services institution to secure a WPA with Cisco across Europe and Latin America. Cisco does not reveal the size of the technology deal.
The five-year agreement encompasses an array of solutions ranging from cybersecurity to collaboration, data center, networking, and services. It extends across BBVA’s operations in multiple countries and includes proactive services delivered by a dedicated Cisco team, fostering collaborative innovation.
Notably, the deal consolidates 3,000 individual contracts into a unified agreement, streamlining BBVA’s global IT operations and significantly enhancing efficiency.
Jose Luis Elechiguerra, Global Head of Engineering at BBVA, said: “BBVA’s alliance with Cisco transcends a mere supplier-customer relationship. After eight years of strategic partnership, BBVA’s facilities and employees worldwide will benefit not only from current but also future Cisco technological advancements.”
Jordi Garcia, Global Head of Strategy & Performance of Engineering at BBVA, said: “Additionally, the agreement enables BBVA to realize substantial efficiency and productivity gains.”
Oliver Tuszik, President of Cisco’s Europe, Middle East, and Africa region (EMEA), remarked, “For over a decade, BBVA has been a trailblazer in digitizing banking in Spain and globally, with a steadfast commitment to enhancing customer experience.”
