Wednesday Jul 23, 2014 Search
Weather | Athens
29o C
22o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
IBM to host Dow Chemical’s IT support in Athens

 Deal paves way for a center supplying services to more multinational companies, offering high-level jobs

By Vangelis Mandravelis

Corporations IBM and Dow Chemical announced on Wednesday a significant deal which is set to upgrade interest in Greece. The two multinational giants have agreed that Dow Chemical will also utilize IBM’s service center in Athens as a base from which to offer electronic support concerning its global activities.

This deal involves the new center that IBM created in Greece with the purpose of supplying big data and business analytics support to its multinational clients.

The announcement of the cooperation agreement took place after senior IBM and Dow officials met with Prime Minister Antonis Samaras at the latter’s office in Athens. The premier met with the chairman and chief executive officer of Dow Chemical, Andrew N. Liveris – who is of Greek origin – and the general manager of IBM Europe, Rich Hume.

On leaving Samaras’s office, Liveris hailed the new agreement and was particularly encouraging regarding the course of the Greek economy: “We have witnessed a change in Greece. We have seen a recovery of confidence and credibility. We have seen liquidity return,” he said, praising the prime minister’s role in this direction. “We could have chosen any place in the world, any place in Europe, but we have chosen Greece.”

Hume declined to reveal any details about the agreement with Dow in terms of new jobs, the size of the investment and so on. Market professionals suggest there will be few new jobs but those that are created will be high-profile. They are expected to be for information technology experts, mathematicians and statisticians. The size of the deal is only known by the two partners.

It is certain, however, that the IBM service center at the headquarters of its Greek subsidiary could become a global competition focal point. IBM already has such centers in locations such as Berlin, Beijing, Dallas, London, New York, Tokyo, Washington and Zurich.

Chairman and CEO of IBM Ginni Rometty stated her belief that both Dow and IBM will benefit from the innovation stemming from the new generation of talent and high specialization available in Greece.

“We look forward to the opportunity to contribute to the implementation of Dow’s market-driven strategy,” Rometty said.

ekathimerini.com , Wednesday June 25, 2014 (20:49)  
Number of firms filing for bankruptcy in Greece drops
TAIPED finally finds suitors for Afandou properties
Traders say last weekend proved Sunday opening is pointless
Fight for ADMIE privatization ends
Finance Minister, MPs to finalize overhaul of party funding laws
Finance Minister Gikas Hardouvelis is on Wednesday to meet coalition MPs in a bid to finalize an overhaul of regulations governing the funding of political parties, one of five prior actions...
EU envoy sees ´clear progress´ on immigration, asylum
European Home Affairs Commissioner Cecilia Malmstrom on Tuesday expressed satisfaction at the “clear progress” made by Greece in the areas of migration and asylum while Development Minister ...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
Unequal after death
The dead are dead and the slain are slain, whether they are Malaysian, Dutch, Palestinian or Israeli, whether they are the innocent victims of a civilian plane that is shot down (we still do...
EDITORIAL
Chinese investment
The relationship between Greece and China has become one of major strategic importance. Beijing threw its support behind Athens during a period when the country was going through particularl...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Number of firms filing for bankruptcy in Greece drops
2. TAIPED finally finds suitors for Afandou properties
3. Traders say last weekend proved Sunday opening is pointless
4. Fight for ADMIE privatization ends
5. Strategy focuses on debt sustainability
6. Minor gains at the end of up-and-down bourse session
more news
Today
This Week
1. Unequal after death
2. Greek sovereign debt at 174.1 percent of GDP in first quarter
3. Chinese investment
4. Greeks getting better at recycling, though still Europe's laggards
5. Shares in Greek renewable energy firm drop in trade debut
6. Piraeus prosecutor investigating use of funds for building renovation
Today
This Week
1. Ex-Credit Suisse banker taps lesson for Greek rebound
2. The cost of excellence
3. Greece seen in third bailout as bonds not enough, economists say
4. Summer storms cause problems in Thessaloniki, spread across the country
5. Climber dies in Mount Olympus fall
6. Greek banks able to tap investors after stress tests, HFSF Says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.