Neoris Reports Strong 2007 Due to SAP Implementations, Nearshore Outsourcing and New Client Wins

MIAMI--Neoris, a global business and IT consulting company specializing in nearshore outsourcing, value-added consulting and emerging technologies, today announced revenue growth increased significantly in 2007 as compared to 2006, fueled by significant new client wins and an expanded presence in Latin America, Europe and the Middle East.

"Neoris' strong performance in 2007 reflects the company's solid business model, deepening services portfolio and expanded operations, most notably in nearshore outsourcing,” said Claudio Muruzábal, CEO of Neoris. “Nearshore business now represents 65% of Neoris revenue from US customers. Nearshore, however, is only part of the Neoris story. In 2007 we succeeded in growing our SAP implementation services business, especially in the US, where our client base is growing at an annual average rate of 50 percent.”

In 2007, Neoris achieved several milestones with SAP. SAP awarded Neoris’ ActiveSuite™ with its Powered by SAP NetWeaver status. This allows customers who integrate ActiveSuite with SAP® ERP application using the SAP Supply Chain Management (SAP SCM) application and the SAP Transportation Management (SAP TM) application Release 6.0 to gain an event-driven solution that delivers automated real-time visibility to track and trace vehicles and cargo.

Neoris was also recognized by SAP Americas, Inc., a subsidiary of SAP AG (NYSE: SAP), for its work managing an xMII integration project for the large utility company PEMEX Gas, and for certifying the largest number of SAP consultants for all of Latin America in the first half of 2007. Neoris is a strategic SAP partner for Enterprise ECC 6.0 and a preferred SAP partner in Latin America for Manufacturing and Logistics.

Neoris added to its nearshore solution during 2007 by opening software development centers in Buenos Aires, Argentina and Bogota, Colombia—its seventh and eighth worldwide—opening an office in Dubai, the United Emirates, to service its clients in MEA, and acquiring Colombia Hi Tech Consultores to serve its clients in the Andean market. Neoris operates nearshore centers in Argentina, Hungary and Mexico, and has created a leadership position in nearshore delivery by serving clients in a wide range of industries, including retail, financial services, healthcare, manufacturing, natural resources, logistics and transportation, and other sectors.

The company’s new client wins encompass a broad range of industries and geographies and a wide variety of services, including:

• A leading provider of digital marketing technology and services in the US selected Neoris as its partner for nearshore development services.
• One of the world’s largest oil and gas companies chose Neoris to reengineer its manufacturing integration and intelligence functions based on SAP xMII.
• One of the most prestigious universities in Latin America selected Neoris to implement the first SAP project that will integrate academic support processes to the university’s ERP.
• A large mining company selected Neoris to optimize its mine management processes and efficiently meet industry security standards for its operations in Mexico.
• One of the major players in the European banking market selected Neoris to help them identify operational efficiency opportunities in their logistics processes.
• Neoris was selected as the technology partner to implement the Business Support Systems (BSS) and Operations Support Systems (OSS) of a leading provider of telecommunications services to the European market.

In 2007, industry analysts recognized Neoris for its achievement as the largest regionally-born IT consulting company in Latin America. Forrester Research Inc. recognized Neoris as a "strong performer" in a December 2007 report, titled "Forrester Wave: SAP Implementation Providers, Q4 2007." Brown-Wilson singled out Neoris in its Black Book of Outsourcing 2007 as the best-ranked nearshore outsourcing player from Latin America. In its study “Latin America Semiannual IT Services Tracker” (Doc #LA17065) IDC ranked Neoris as the second-largest IT consulting firm in Latin America, and the largest in Mexico. Finally, Neoris earned recognition in the Global Services 100 annual list of Top 5 Best Performing Outsourcing IT Services Providers, Top 5 to Watch South of the Border, and Top 10 Best Performing Managed Services Providers.

About Neoris

Neoris is a global business and IT consulting company that specializes in nearshore outsourcing, value-added consulting, and emerging technologies. Neoris is the largest IT consulting and systems integration company in Mexico and the second largest in Latin America. Neoris offers systems integration, custom application development, IT consulting, and software deployment and support solutions. The company is a leading provider of nearshore outsourcing services through a global delivery model leveraging six worldwide software development centers. In 2007, Neoris was ranked among the Top 5 Best Performing IT Service Providers in the Global Services 100. Headquartered in Miami (FL), Neoris has operations in the US, Europe, Latin America, Africa, and the Middle East. Neoris is a subsidiary of CEMEX (NYSE: CX). For more information, visit www.neoris.com.