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Argentine IT firm Baufest recorded revenues of US$8.4mn in fiscal year 2011, ended April 30, up 38%, news source ebizLatam reported.
Also during the fiscal year, the company opened its first US office, in Boston, which required a total investment of US$500,000, Baufest said.
Headquartered in Buenos Aires, Baufest also has offices in Madrid and Mexico City.
Baufest offers IT consulting, software solutions and platforms, IT outsourcing and IT infrastructure services.