Caixa Catal-unya of Spain has signed a seven-year outsourcing agreement with Andersen Consulting valued at about $200 million.

Caixa and Andersen plan to establish a company, Informacio i Tecnologia de Catalunya, to oversee the bank's information technology operations.

The bank, Spain's third-largest savings institution, has been an Andersen Consulting client since 1992 for various projects.

It uses Andersen's Altamira software, which is also used by 75 financial institutions in 20 countries.

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