CPM Braxis Raises $100 Million to Accelerate Its Path to Globalization

NEW YORK, April 15 /PRNewswire/ -- As part of its plan to become one of the largest global IT service providers, CPM Braxis announced investments by new stakeholders. Gavea and some CPM Braxis shareholders invested $100 Million (R$ 170 Million) in the company, positioning CPM Braxis as the best capitalized IT services company in Brazil. CPM Braxis is owned by Bradesco (1/3), CPM Braxis' management team (1/3) and three institutional investors (1/3) -- Gavea, Deutsche Bank and Alothon Group.

CPM Braxis is the largest Brazilian IT services company and the result of the 2007 merger of Braxis and CPM, formerly two of the leading IT services companies in Brazil. The successful merger has created a global class IT services provider, focused in providing outsourcing and offshoring services to the largest companies in the world. In 2007, CPM Braxis reached revenue of $547 Million (R$930 Million), a 22% improvement over the previous year. In the past 12 months, the company has been devoted to integrating operations, improving processes, empowering its professionals and expanding its market share. It also became the first and only Brazilian IT services provider to achieve CMMI DEV level 5, version 1.2.

In 2008, CPM Braxis expects to grow approximately 25%, and to continue its global expansion program. The CPM Braxis team today consists of more than 5,200 professionals. Another 1,800 new employees are expected to be hired during 2008.

With its strong financial position and rapid growth, CPM Braxis will continue to capture an increasing share of the global IT market in 2008, expanding its presence in the Americas and in Europe.

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About CPM Braxis

CPM Braxis is a global IT company providing consulting, application development and maintenance, packaged software integration and remote infrastructure management services to global companies. With over 26 years of success track record, 14 development centers, 5,200 professionals, CPM Braxis is the largest Brazilian IT services company.

CPM Braxis' services are aimed at improving quality with predictability, increasing speed-to-market and improving performance -- all while reducing costs. Our industry expertise spans Financial Services, Telecom, Consumer, Manufacturing and Energy.

CPM Braxis has the technical competence and proven experience in both mainframe and web-based technologies, as well as SAP and Oracle ERP platforms. The company has development factories, testing centers, remote management command center and shared maintenance and support centers for SAP.

CPM Braxis' value proposition includes: industry-specific knowledge, near-shore same time zone operations, competitive pricing, ability to attract and retain the best and the brightest talent, flexible delivery models, robust processes and world-class methodologies, excellence in services, creativity and innovation.