As the Bloomberg reported:
International Business Machines Corp. (IBM) tries to look for the new ways of its developing. The company is well-known for its high-end technology contracts. This time they want to make money on the market where customers don’t pay anything. IBM finds African region productive exactly for this purpose. With this aim the company has developed an application that can track the water system in Tshwane, South Africa. The level of life in this area is far from been normal: most of people live in slums and even have no idea of running water system. So the team of executives has already been sent there.
In 2006 IBM had only four offices all over the world. Now it has got more then 20 countries to make business in. Tshwane can serve as a zero point of negotiations between the IBM and the local government. Some other cities that are situated not far from it can be also involved in future.
IBM plans to use more than $16 million in its corporate-service projects in the African region by the end of 2013.
As the Bloomberg reported:
Lawyers of some of the bond insurance and credit ratings companies said to the California judge that cities lack evidence to pursue an antitrust and negligence lawsuit against them. Those companies fights claims that were filed in 2008. Most of them are connected with forcing local governments in California to purchase insurance they didn’t need.