IBM Drills Further Into Brazil's Tech Start-Up Scene

International Business Machines Corp. (IBM) is on a mission to expand its partnerships in Brazil in response to the country’s growing information-technology market.

The Armonk, N.Y.-based computer giant is announcing today the formation of its Sao Paulo IBM Innovation Center, part of a network of 43 such centers that will provide training, consulting services and assistance to bring new technologies to market.

The company will also be making a “more concentrated effort to engage with the venture community in Brazil,” said Claudia Fan Munce, the managing director of IBM’s venture capital group, which invests in venture capital funds but not directly in start-up companies.

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