International Business Machines Corporation (NYSE: IBM | PowerRating) will bring USD 22 billion worth of software resources to southern China as the information technology (IT) heavyweight looks to enlarge its footing in the world’s most populous market.
IBM has no moves such as setting up a lab in the southern part of the country, said general manager for the IBM south China operation, disclosing that the company has entered into a memorandum of understanding (MOU) with Guangdong Province for cooperation in digital business.
IBM will provide secured and intelligent financial analysis solutions for financial institutions in southern China, according to Robert LeBlanc, senior vice president for IBM Software Group. As its next step, the US-based company will set up electronic medical records (EMRs) for the hospitals in Guangzhou, Guangdong.
The push is part of IBM’s efforts to profit from the government-backed healthcare reform in the world’s major economy, pointed out market observers.
Source:http://www.tradingmarkets.com/news/stock-alert/ibm_ibm-says-to-bring-usd22bn-software-resources-to-south-china-1149354.html
