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See the best of Reuters photography. See more | Photo caption London's opening Highlights from the Opening Ceremony of the London 2012 Olympic Games. Slideshow The Olympic Village Where the athletes will live during the London Olympics. Slideshow Mexico's Cemex signs 10-yr outsourcing deal with IBM Tweet Share this Email Print Related News Mexico's Cemex: creditors agree to $421 mln new notes swap Tue, Jul 24 2012 U.S. sales turnaround boosts results at Mexico's Cemex Fri, Jul 20 2012 UPDATE 5-U.S. sales turnaround boosts results at Mexico's Cemex Fri, Jul 20 2012 IBM raises earnings outlook despite weak tech spending Wed, Jul 18 2012 Exclusive: HP's $600 million GM services deal at risk: sources Fri, Jul 13 2012 Related Topics Tech » MEXICO CITY | Mon Jul 30, 2012 9:47am EDT MEXICO CITY (Reuters) - Mexico's top cement maker Cemex (CMXCPO.MX) said on Monday it has signed a 10-year outsourcing deal with IBM that will help it save close to $1 billion during the life of the contract. International Business Machines Corp (IBM.N) will provide Cemex with business process and information technology services. It will also include finance and accounting, and human resources back-office services, the companies said in a joint statement. "This agreement with IBM will enable Cemex to focus on its core businesses of cement, ready-mix concrete, and aggregates, improve its financial position and respond more quickly to changing market needs," Chief Executive Lorenzo Zambrano said. The company, which was swamped by the 2008 U.S. housing meltdown shortly after paying out some $16 billion to buy Australian peer Rinker, has been working its way out of deep debt obligations for the past three years. (Reporting By Cyntia Barrera Diaz;editing by Sofina Mirza-Reid) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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