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Brazilian IT managed services provider Arcon expects operations in the north and northeastern states of Brazil to represent 18% of total revenues in 2011, up from the 15% seen in 2010, the company said in a statement without providing hard figures.
Growth in those regions has been faster than expected for Arcon, as the company had originally forecast that it would reach only the 15% of revenue mark by the end of 2011. Arcon has been seeking to expand outside its traditional mainstay of São Paulo and Rio de Janeiro, according to commercial director Rogério Reis.
Among its 10 clients in the north and northeast are the Pará state transportation department and the Alagoas state unit of Brazilian power holding company Eletrobrás. The company plans to boost investments in the north and northeast, but is not going to move any of its security monitoring and administration processes from the offices in São Paulo or Rio de Janeiro.
Arcon, which was founded in 1995, specializes in supplying managed security services.