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Business in the Burbs

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IBM boosts investments in emerging markets

July
28

IBM Corp. said today it plans to accelerate investments in the developing nations of China, Mexico and India by opening centers of excellence in each nation.

These emerging-market countries, so-called because of their high economic growth potential, represented 19 percent of IBM’s geographic revenue in the second quarter, and as a group grew 21 percent, IBM said.

“These results demonstrate that IBM has the ability to thrive in emerging markets,” said Bruno Di Leo, IBM general manager of growth markets. “Our continued investment give IBM a competitive edge,” he said.

The centers of excellence include a banking operation in China, a retail innovation center in Guadalajara, Mexico, and a management center in India, IBM said.

This entry was posted on Monday, July 28th, 2008 at 2:55 pm by David Schepp. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Consulting, IBM, International, Technology

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About this blog
Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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