Grupo Santander, a Spanish bank holding company, has signed a 10-year agreement for Electronic Data Systems Corp. to process data for its Puerto Rican units.

A well-placed source said the contract's value approaches $100 million, Bobby Grisham, president of the EDS unit dealing with large financial institutions, said it was a "mega-contract."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.