IBM has announced that it has acquired full control of Global Value Solutions SA, a Brazilian IT services provider serving the small and medium business market.

Since 2001, GVS has been a joint venture by IBM and Fiat, with each company holding a 50-percent stake. With this agreement, IBM acquires Fiat's stake in the company as part of IBM's plan to grow and strengthen its presence in the Brazilian IT services market for SMB companies.

Global Value Solutions counts FIAT Group, Grand Sapore, Engevox, Fabio Perini and Grampos Aco among its clients. The company's portfolio of services and offerings includes services of hosting/co-location, applications management and software development, ERP consulting and application, network management, security management, on demand printing, business continuity and recovery services, service desk, IT consulting, workstation support (PCs, notebooks and thin clients) and industrial solutions (CAD, CAE, CAM, traceability, RFID and PLM).

•Date: 7th September 2006• Region: S.America •Type: Article •Topic: BC markets
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