The online luxury retailer said Monday it’s signed a long-term agreement with technology giant IBM, predicting the deal will boost growth and minimize costs.

“We want to make sure we can grow at a faster pace,” Alex Alexander, chief information officer for Yoox Net-a-Porter, said in a phone interview Monday. Working with IBM to create “one shared platform for the group will enable us to do that.”

The move means the online retailer will be able to simplify how it sells Balenciaga leggings and Valentino handbags so that customers can order and receive them when and where they want, Alexander said. The agreement should also make the company more efficient, minimizing costs, according to the executive, who joined last year from Wal-Mart Stores Inc., No. 3 in the Internet Retailer 2015 Top 500 Guide.

Having a consolidated view of client data “means we can move our stock closer to our customers and we can optimize the way we source our orders,” Alexander said. “This is a scale business.”

YNAP, which was formed last year via a merger between Yoox and Net-a-Porter, sells fashion and leather goods on its own multibrand websites and runs online operations for more than three dozen brands, including Armani. Monday’s announcement doesn’t affect the company’s forecast for annual post-merger cost savings of 85 million euros ($93 million), Alexander said.

Yoox is No. 72 in the Internet Retailer 2015 Europe 500 while Net-A-Porter parent company Richemont SA is No. 31.

As part of the deal, YNAP will become one of IBM’s select client panel, enabling it to influence what products the technology company develops, Alexander also said.