Softbank to buy BGŻ IT license and resell it

IT company Softbank is considering buying from Bank Gospodarki Żywnościowej (BGŻ) a license for its Eurobank centralized IT system and would like to offer the product on the eastern market, a move considered by most analyst as profitable for both sides. "Softbank already has some experience on the eastern market and the company is aware of the steady huge demand for IT products," said a company insider. Should the deal come to fruition all the copyrights would be handed over to Softbank's subsidiary Wonlok, the father of the Eurobank system. However, the price at which the license would change hands remains unknown. In 2000 the price BGŻ paid for the product was zł. 2 million, but only to later spend zł. 160 million on implementing it. However, the price may be different as the system has been improved and modernized. (Puls Biznesu, p. 8) J.K.