more-arw search

IBM Announces Expansion in Brazil and Southeast Asia

Aiming to enter high-growth markets by expanding into rapidly growing cities, IBM is opening three new branches in Brazil and three in the ASEAN (Association of Southeast Asian Nations) region. This move demonstrates the rising trend of companies making corporate financial investments in developing countries.

The new Brazil offices are in Joinville, Natal and Sao Luis. With more than 30 offices in the country, IBM’s presence has spiked more than 200 percent since 2009. The company states it’s working to strengthen ties with more than 2,000 businesses IBM shares partnerships with in Brazil.

According to IBM, Brazil’s IT market is currently one of the best in the world, while more economic growth is expected from the 2014 FIFA World Cup and the 2016 Summer Olympics.

Meanwhile in ASEAN, the new branches in  Ipoh and Malacca, Malaysia, and Bandung, Indonesia, are aimed at boosting relations with IBM’s 6,000 Southeast Asian business partners and maximizing the company’s IT investments in the region. IBM has been operating for 75 years in ASEAN, where members are experiencing surging economic liberalization. Similarly to Brazil, ASEAN countries are experiencing important growth, and are expected to continue doing well.

“The untapped potential in these markets will bring these countries to the forefront of new investments in technology solutions,” said Surjyadeb Goswami, senior market analyst for enterprise computing, IDC Asia/Pacific.