IBM Wins Cemex Deal and Acquires Large IT Provider

IBM and Cemex just signed a recording-breaking deal in the nearshoring space.  Under the terms of the agreement, IBM will acquire subsidiary IT consulting company Neoris and provide IT and BPO Services for Cemex for the next 7 years.  Based in Monterrey, Mexico, Cemex is the world's third largest cement maker and also owns Neoris, the second largest IT consulting company in Latin America.  Cemex has been struggling to financially recover from the global construction slowdown and sent out bid requests to IBM, Tata Consultancy, Dell, Wipro, and Infosys before choosing IBM.  Nearshore Americas broke the story on July 5, and the full details of the transaction can be found here at Nearshore Americas.