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CEMEX Reaffirms Commitment To Neoris

Stocks in this article: CX

CEMEX S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today its continued commitment to its subsidiary Neoris, a global business and IT consulting company.

Neoris grew out of the innovative solutions it created for CEMEX, and is one of the very few cases where a company, derived from the spin-off of the IT department of a large industrial organization, has become successful as an independent player in the market, creating long-term value for its stakeholders.

“Neoris has delivered great value for CEMEX and other large multinationals, and it will continue contributing in our future development,” said Fernando Gonzalez, Executive Vice President of Finance and Administration of CEMEX.

Recently, CEMEX announced a 10-year strategic agreement in which IBM will deliver world-class business process and information technology services. This agreement, which is expected to generate CEMEX savings of close to US$1 billion during the life of the contract, does not overlap with the IT consulting, application development, and implementation services that Neoris provides to CEMEX.

CEMEX will continue to rely on Neoris as a business and IT services provider and will support their efforts to innovate, design, and deploy industry-leading solutions, using its unique global delivery model and cutting-edge IT services. Neoris will further remain a key partner of CEMEX in IT implementation and SAP integration projects.

On July this year, CEMEX informed its successful global integration of the most advanced enterprise platform based on SAP, with the support of Neoris. The deployment was a milestone, achieved in record time and cost across CEMEX operations in over 50 countries.

Neoris' SAP Practice has been growing by approximately 40 percent each year over the past five years and it was the recipient of a 2012 SAP ® Pinnacle award in the Quality Partner of the Year category.

Neoris has been an important business and IT services provider not only for CEMEX, but also to several leading companies across different industries, including financial services, healthcare, manufacturing, natural resources, retail, telecommunications, education, agribusiness, and transportation.

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