Zacks Equity Research reports that International Business Machines Corp.,or IBM,has made several lucrative new deals in Mexico. The IT giant will soon provide its newly upgraded technology infrastructure platform,which includes cloud computing capabilities,to Circulo K Mexico,a convenience store chain subsidiary. In addition,IBM has reportedly opened its seventh branch in Mexico,located in the city of Merida on the Yucatan Peninsula,to support a growing demand for IT services and products in the region.
“The current deal bodes well for IBM,as the company has been making significant investments in Mexico,” writes Zacks. “The company has invested approximately $4 million for the Merida office. IBM already has offices in Mexico City,Queretaro,Monterrey,Toluca,Guadalajara and Puebla.”
Mexico real estate has worked hard over the last 20 years or so to liberalize its economy by undertaking major reforms; a strategy that has really begun to pay off. Today,fast-growing urban centers are coming to life across the country,while Mexico’s ties to Europe,Central and South America,as well as to the U.S. and the Caribbean,have all helped to make it a center for strong economic growth.
“Our expansion into fast-growing cities in Mexico such as Merida is in line with growing demand for intelligent solutions from businesses across the region,especially in the areas of cloud computing,business analytics,mobile and social computing,” shared Salvador Martinez,country general manager of IBM Mexico,in a press release.
According to Zacks and Forrester Global Tech Market Outlook,IT spending in Latin America is projected to grow by at least 6.4 percent in 2013 and by more than 9 percent in 2014. Other estimates,although slightly more conservative,forecast IT spending in Latin America to hover around 7 percent over the next few years. Either way,IBM’s current plans for expansion in Mexico are expected to be good for the company’s bottom line.
“The cutting edge solutions that provides in this market will enable the next phase of growth for this growing economy,” shared Rolando Zapata Bello,governor of the state of Yucatan in a press release.