CEMEX Signs Strategic Agreement With IBM to Provide Business Process Outsourcing And IT Services
CEMEX S.A.B. de C.V. (NYSE: CX) and IBM (NYSE: IBM) announced today a 10-year strategic agreement in which IBM will deliver world-class business process and information technology services. Additionally, IBM will provide to CEMEX business consultant services to detect and drive sustainable improvements in profitability, using the entire breadth of IBM's capabilities, including R&D expertise.
This agreement is expected to generate CEMEX savings of close to US$1 billion during the life of the contract. Additionally, it will improve the quality of the services provided to CEMEX; enhance business agility and scalability; maximize internal efficiencies; and allow the company to better serve its customers.
The 10-year services contract awarded to IBM is worth just over US$1 billion, and will include: finance and accounting, and human resource back-office services, as well as IT infrastructure, application development and maintenance services.
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