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The Brazilian unit of global software licensing company SoftwareOne recorded revenues of some 80mn reais (US$48.1mn) in 2010, up from 40mn reais in 2009, the company's CEO for Latin America, Andre Fernandes, told BNamericas.
Fernandes said revenues from the Brazilian market accounted for 85% of the company's total revenues in the region, and "for 2011, we believe that revenues from Brazil could represent 70-75% of total regional revenues."
The company has had operations in Brazil since 2007. Last year, SoftwareOne launched operations in several markets across the region, including Argentina, Chile, Mexico, Uruguay and Puerto Rico.
The company is also considering launching operations in new markets. "We are looking at certain markets such as Colombia, Peru, Panama and Ecuador. We expect to launch operations at least in one or two countries this year," Fernandes said.
Worldwide, the company has offices in more than 20 countries.