News

IBM announced on April 7 that it won a five-year deal to provide a range of finance and administration service to PepsiCo's Indian subsidiary. The pact is the latest sign that Big Blue's effort to establish a major presence in one of the world's hottest tech markets is leading to more than just offshoring wins.

Under its deal with PepsiCo India, IBM will provide the soft drink maker with a range of F&A services, including support for payment, revenue, and reporting processes. IBM will also help PepsiCo India centralise its finance operations by establishing a single, shared-services organisation to serve multiple offices and plants across the country. Financial terms were not disclosed.

"India is one of the most important markets for PepsiCo," said PepsiCo India CFO Kimsuka Narasimhan, in a statement.

Meanwhile, Hewlett-Packard Co.'s Mexican unit said on March 28 that it signed a US$100 million technology outsourcing services contract with Coca-Cola FEMSA, the Coke bottler in Mexico.

The five-year agreement will support Coca-Cola FEMSA's Latin American business. Hewlett-Packard Mexico S. de R.L. de C.V. will handle the consolidation of 348 locations to a single data centre in Mexico as well as migrate some applications and server monitoring and management to locations in Brazil and Argentina.

Hewlett-Packard will continue to provide data centre services and storage services to manage and support Coca-Cola FEMSA's data center environment