Banco Sabadell acquires Bano CAM : leveraging a cloud computing strategy / Xavier Busquets, Conchita Alvarez.
In a deep financial crisis in Spain, Banco Sabadell won a competitive bid to acquire Banco CAM for the price of €1. The President of Banco Sabadell Josep Oliu announced at a press conference on the 8 December 2012 that BCAM, a similar size to its acquirer, must be integrated in less than 1 year. Ban...
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| Main Authors: | , |
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| Format: | Ebook |
| Language: | English |
| Published: |
London :
Palgrave MacMillan UK,
2015.
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| Series: | SAGE Knowledge. Cases.
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| Subjects: | |
| Online Access: | SAGE |
| Summary: | In a deep financial crisis in Spain, Banco Sabadell won a competitive bid to acquire Banco CAM for the price of €1. The President of Banco Sabadell Josep Oliu announced at a press conference on the 8 December 2012 that BCAM, a similar size to its acquirer, must be integrated in less than 1 year. Banco Sabadell management expected €331 million in synergies from 2012 to 2014. The case focuses on Miquel Montes, the new CEO in Banco CAM, and his team; Federico Rodriguez, new Chief Operations Officer; and Carles Abarca, new Chief Information Officer. Banco Sabadell had developed a cloud computing architecture never tested before in mergers and acquisitions (M&A). Despite Sabadell management's strong and proven experience of M&As, there were risks associated with the benefits. Students need to understand both in order to understand how to plan in such situations. |
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| Item Description: | Originally Published InBusquets, J., & Alvarez, C. (2015). Banco Sabadell acquires Bano CAM: Leveraging a cloud computing strategy. Journal of Information Technology Teaching Cases, 5, 8-19. |
| Physical Description: | 1 online resource : illustrations. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 152647591X 9781526475916 |