Friday, October 16, 2009

Filled Under: ,

Brazil's CBD In 5-Yr Outsourcing Pact With IBM

Brazilian supermarket chain Companhia Brasileira de Distribuicao (CBD, PCAR5.BR), or CBD, signed a partnership with International Business Machines Corp. (IBM) to outsource its information technology, IBM said late Wednesday in a press release.

"The deal, worth about $115 million, was designed by IBM and CBD to meet current business needs and to support the expansion planned for the next years," said IBM.

The five year agreement will transfer two data centers of the retail chain to an IBM Global Delivery Center, based in Hortolandia, Sao Paulo.

CBD is jointly controlled by the Diniz family of Sao Paulo, the chain's founders, and by French retail company Casino Guichard-Perrachon SA (CO.FR). Its main competitors in Brazil include U.S. retail giant Wal-Mart Stores Inc. (WMT) and France's Carrefour SA (CRERY, CA.FR).
Source: WallStreetJournal


Post a Comment

Blog Archive