Asyst grows revenues 22% to US$36.8mn in 2010

Wednesday, February 9, 2011

Brazilian IT services provider Asyst International, which specializes in service desk, grew revenues 22% to 61mn reais (US$36.8mn) in 2010 and expects to reach the 70mn-real plateau in 2011, the company said in a statement.

Asyst attributed the growth to a healthy domestic IT market that yielded 15 new clients and the renewal of contracts with existing customers. The company now attends to more than 100 large companies.

International expansion - including enlarging units in Brazil and Argentina and launching operations in England - also factored into Asyst's financial results, according to president Francisco Ricardo Blagevitch.

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Brazil is poised to become "a global hub" for service desk, Blagevitch added. Latin America's IT outsourcing market will grow 11.5% this year, the company anticipates, citing numbers from consultancy IDC.

Asyst was founded in 1985 and today maintains affiliates in Argentina, Chile and the UK.