This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

IBM Opens Fifth Mexican Branch In City Of Toluca

Stocks in this article: IBM

METEPEC, Mexico, Oct. 25, 2012 /PRNewswire/ -- IBM (NYSE: IBM) has today announced the opening of a new branch office in Toluca - Mexico's fifth largest city - as it continues to expand in the fastest growing cities around the world.

(Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO)

Located in the Central-South region of Mexico, the Toluca office represents an investment of approximately US$ 4 million and becomes IBM's fifth office in the country after those in Mexico City, Guadalajara, Monterrey and Queretaro.

"Our expansion into fast-growing cities in Mexico such as Toluca is in line with growing demand for intelligent solutions from businesses and organizations across the region," said Hugo Santana Londono, Country General Manager, IBM Mexico and Central America.

"With the opening of the Toluca office, IBM reaffirms its long-term commitment to a growing number of clients and business partners who will now benefit from our direct presence in the region," said Mr. Santana.

As a major industrial area in Mexico, Toluca's economy has undergone radical transformation in recent years as increasing investments in infrastructure and resources increase its value to the national and regional economy.

Over the past two decades, Mexico has undertaken major reforms to liberalize its economy which has led to the emergence of fast-growing urban centers around the country. Toluca's central location and proximity to Mexico City have pushed the city to become a center for industrial growth.

"The transformational growth of Toluca has driven demand for advanced technologies as companies strive to become more efficient and competitive. The smart solutions that IBM provides in this market will enable the next phase of growth for this growing economy," said Guillermo Legorreta Martinez, Mayor of Toluca city.

Through a broad program of investment covering facilities, innovation centers, marketing, recruitment, training, academic initiatives and corporate citizenship, IBM is expanding its range of solutions and services in the region as it forges closer ties with both clients and partners.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs