January 31, 2008 09:18 ET

IBM Signs Services Agreements in South America

ARMONK, NY--(Marketwire - January 31, 2008) - IBM (NYSE: IBM) today announced that it has signed three services agreements with clients in South America.

IBM recently reported that in the fourth quarter of 2007, IBM generated sixty-five percent of its business outside the United States. Today's announcements further indicate that IBM's strategic focus on delivering technology and services to growth markets, such as countries in South America, is gaining momentum.

Today's announcements from South America include:

--  Cebrace (Brazil) - Cebrace, the largest manufacturer of plated glass
    in South America, needed to invest heavily in technology to assemble its
    entire IT environment without worrying about the acquisition of assets and
    resources. This scenario led Cebrace to hire IBM to host and manage the
    resources of a new SAP environment, in order to manage the company's full
    production chain. The SAP system will be hosted in two data centers of
    IBM's Technology Center in Hortolândia, Sao Paulo (Brazil) - which makes it
    a safe and highly available environment.
--  Inversura (Colombia) - Inversura, a leading insurance and social
    security group in Colombia, and IBM have signed the renewal of a five-year
    services contract. This strategic outsourcing project aims at managing its
    data center and the services related to core systems integration including
    hardware and software. The new hosted environment will help improve system
    availability through a clustered infrastructure (located in two distant and
    interconnected sites) and scale faster to better meet the technological
    demands of the business. The company expects to gain a competitive
    advantage by consolidating its existing IT infrastructure to increase
    flexibility and lower operating costs.
--  Santander RIO Bank (Argentina) - Santander RIO, one of the largest
    banks worldwide in terms of stock market capitalization and one of the
    leading private banks in the Argentine financial system, has selected IBM
    as the partner for managed technical support during the fourth quarter of
    2007. This solution, which promotes a single point-of-contact for the
    support of its entire IT Platform, includes maintenance and technical
    support services for multi-vendor distributed hardware infrastructure such
    as support to workstations, servers, PCs, printers and peripherals for ten
    central buildings including data centers and 254 branches throughout the

"These services agreements reflect the strength of IBM's global business model," said Gonzalo Escajadillo, GM GTS IBM Latin America. "Globalization is providing opportunities for organizations to tap into the right resources to transform and grow their businesses. IBM is uniquely positioned in Latin America to effectively integrate local and global capability to help our clients succeed."

All of the agreements were signed during the fourth quarter of 2007.

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