A wave of mergers and acquisitions is set to sweep corporate Latin America, as the region's stagnant economy, political instability and a lack of cash flow all encourage multinationals invested in the region to find ways to acquire liquidity.
Latin America is going through quite a tough recession, but the private equity that flooded the region before the downturn hit is there to stay -- at least, for now.
IBM announced on Wednesday it was entering into a partnership with Latin American IT giant GBM Corporation to create a new company designed to apply the unique talents of IBM's cognitive computer Watson to the region's challenges. The new company, appropriately named Cognitiva, will be dedicated to addressing complex problems with big data and Watson's incredible capacity for analysis.
