The Advent fund enters Neoris, the Argentinian-managed Mexican technology company

As in the biblical legend, Neoris was born 20 years ago from the centennial rib of Cemex, the queen of concrete in Mexico who belongs to the traditional Zambrano family. She took off, she leads various segments of technology services and is valued in the tens of millions of dollars.

By the way, the company is undergoing a transformation and the novelty is that the process in the 14 countries where they have taken root is led by a Argentine management. Its global CEO is Martín Méndez, born in Rosario, and José “Lolo” Longinotti is its Global Managing Director.

This morning an advance of Clarione: the bottom Advent joined Cemex to strengthen Neoris’ international presence. Cemex remains a strategic partner and main customer of the technology company. But Advent will have a majority stake and control.

Thus, Advent will acquire the 65% in Neoris and Cemex will keep a 35% participation, and will continue to be a strategic partner.

Advent, one of the largest and most experienced private equity funds globally, is well known in the country. He owned OCA between 2004 and 2009. Then he bought the LKM laboratory in 2011. But his most important operation was completed in 2018 by add Prisma Medios de Pago, the operator of VISA and Banelco.

According to a joint statement, “With the support of Advent, Neoris will deepen its focus on cutting-edge, high-growth verticals such as artificial intelligence, data science, cloud solutions and automationamong others. “It should also be noted that Neoris will continue to work on the digital transformation of the Cemex group.

Neoris has executed more than 1,200 large-scale projects for 350 clients. It currently has 5,000 employees located in 14 countries in Latin America, the United States and Europe, according to a “nearshore” delivery model.

“This is great news and a great opportunity to drive our growth strategy,” said Martin Mendez, CEO of Neoris.