Hungarian MOL Group Accelerates Business Transformation with IBM
July 21, 2017 | Written by: Danijela Radinkovic
Share this post:
IBM Technology Services to Help the Oil & Gas Conglomerate Integrate Business Internationally
BUDAPEST, Hungary – 20 July 2017: IBM today announced that MOL Group, a leading oil and gas conglomerate, has tapped IBM technology services to boost its operating efficiency and drive business growth in an integrated way. The IBM solution will allow MOL Group to consolidate more than 30 cross-border procurement contracts into one with IBM serving as the single interface to manage MOL’s IT infrastructure across Hungary, Croatia and Slovakia.
MOL Group is a leading integrated Central & East European oil and gas conglomerate headquartered in Budapest. It has operations in over 30 countries, employing 25000 people worldwide and operating 2000 fuel and store service stations. MOL Group is on a clear transition path to diversify its business and find new market niches.
“Aligned with MOL’s 2030 strategy, we will continue to transform and innovate by embracing a more integrated, agile and resilient business model. This should drive systematic efficiencies based on high quality low-cost assets, while growing petrochemical exposure and transforming current retail business into a truly consumer service,” said Péter Néz, Group Information Services Director at MOL Group. “As IBM is one of the leading technology services company, it will help us optimizing our IT infrastructure operation and deliver additional savings so that we can better support our core business”.
IBM provides end-to-end infrastructure maintenance, managed services, including multivendor support to MOL Group’s entities in Hungary, Croatia and Slovakia. The technology support services include hardware and software maintenance, Linux services, infrastructure managed services for backup. The deal signed in April 2017, is expected to deliver significant cost savings – up to 15 percent – throughout the two years of the contract.
“IBM brings strong business process knowledge and deep technical expertise to MOL Group’s operations,” says Peter Rehus, Country Leader, IBM Hungary. “Through this deal MOL Group will be able to procure in an integrated fashion across three countries, eliminating duplication and generating significant savings. By increasing the stability and the availability of their existing IT infrastructure, MOL will extend its life cycle and will be able to free time and resources to fine tune their digital strategy and lay out the foundation for the future use of analytics, cloud and cognitive technologies.”
IBM helps companies design and deliver transformational digital services and automate processes using its enterprise grade cloud and unique cognitive offerings through IBM Watson. More and more clients rely on IBM to be their services integrator – that is to manage the services and underlying infrastructure in an integrated and unified way through the cloud. To date more than 650 clients have deployed advanced automation capabilities from IBM Services with another 200 organizations expected to join them by the end of the year.
Investing in our people, our partners and our locations
June 23, 2021 We have never lived in such an extraordinary age with monumental changes taking place over the last year. The extent of uncertainty and change everyone has dealt with in all aspects of their lives throughout the pandemic is unparalleled globally. I am so proud and continue to be inspired by how IBMers […]
Fairness and equality in the workplace is, in fact, decreasing. AI can help.
June 22, 2021 Recent studies show that despite all the effort, gender equality in the workplace is not only not advancing, but actually decreasing. This situation has been, indeed, accelerated by the COVID-19 pandemic. A panel discussion with high level representatives from EU institutions, employers and governments from Central and Eastern Europe will address this […]
Circeo Joins Growing Ecosystem of Partners Supporting the IBM Cloud for Financial Services
Circeo Intends to Use IBM Cloud for Financial Services to Help Customers Accelerate Transactions with Financial Institutions in a Highly-Secured Environment June 16, 2021 Circeo, a European fintech and lending technology provider delivering a cloud-based lending solution for banks and financial services companies, today announced it has joined IBM’s (NYSE: IBM) growing ecosystem of more […]