CPM Braxis Named Among Top 100 Global Providers by American Banker, Bank Technology News and IDC Financial Insights

NEW YORK, Nov. 9 /PRNewswire/ -- CPM Braxis, the largest Brazilian IT services company, today announced that it has been ranked in the FinTech 100, an annual global listing of top financial technology vendors as recognized by American Banker, Bank Technology News and IDC Financial Insights. This year CPM Braxis achieved the highest ranking among all Latin American IT services companies and placed 33rd overall, up from 67th in last year's ranking.

"This year's FinTech 100 list highlights banks' 'flight to quality,' as they consolidate their technology spending with the industry's largest and most established players," said Rebecca Sausner, editor of Bank Technology News.

CPM Braxis' in depth experience in financial services, which represents over 50% of company revenue, includes expertise in critical banking processes and core banking systems. The company has provided IT solutions to 8 of Latin America's largest 20 banks as well as to various leading global financial institutions.

"We are proud of our rapid ascension in the FinTech 100 rankings, which confirms our deep financial services industry knowledge and successful projects," said Alvi Abuaf, CEO of CPM Braxis USA.

The FinTech 100 ranks top companies based on calendar year-end revenues, and only includes vendors that derive more than one-third of their revenue from the financial services industry. For more information about the rankings, please visit: http://www.idc-fi.com/services/fintech100.jsp. To view the FinTech Special report: www.AmericanBanker.com/fintech100.

ABOUT CPM BRAXIS

CPM Braxis is the largest Brazilian IT services and outsourcing company, providing IT consulting, application development and maintenance, software integration, remote infrastructure support and business process outsourcing services to global companies. With a 27 year track record of success, 11 delivery centers, and 5,600 professionals, CPM Braxis is a serious contender in the global IT services market. CPM Braxis' industry expertise spans financial services, telecom, consumer goods, manufacturing, pharmaceuticals, energy and retail. The company has technical competence and proven experience in most leading technologies. We are Brazil's first CMMI Level 5 certified company and have achieved other key international certifications, including ITIL, COBIT, PMP, ISO/IEC 20000, ISO 9001 and ISO 14001. CPM Braxis is a "global ready" organization with mature life cycle, governance and transition methodologies, and continues to focus on expanding its services to the US and Europe.

www.cpmbraxis.com