CEMEX, S.A.B. de C.V. (“CEMEX”) and Advent International (“Advent”) announced that Advent will partner with CEMEX to accelerate the growth and development of NEORIS. As a global provider of tech consultancy and digital transformation services, NEORIS will strengthen its capabilities and reach through Advent's expertise in the space. With Advent's support, NEORIS will deepen its focus on cutting-edge, high-growth verticals such as artificial intelligence, data science, cloud solutions, and automation, among others.

These verticals are aligned with CEMEX's priorities for its continued digital transformation. NEORIS will also continue focusing on strategic industries such as financial services, telecommunications, media, manufacturing, retail, and consumer packaged goods, among others. Founded over 20 years ago, NEORIS has successfully executed over 1,200 large-scale projects for more than 350 blue chip clients.

It currently has more than 5,000 employees located in 14 countries in Latin America, USA, and Europe, working under a nearshore delivery model. As part of the creation of the partnership, Advent will acquire from CEMEX a 65% stake in NEORIS. CEMEX will retain a 35% stake and remain as a key strategic partner and customer of NEORIS, supporting CEMEX's efforts to provide a superior customer experience enabled by digital technologies.