Belltech looking to consolidate operations, aims for Central American market

- Wednesday, August 3, 2011

Belltech looking to consolidate operations, aims for Central American market

Chilean technology provider Belltech is looking to consolidate its presence in Brazil and Uruguay by the end of the year, company executive VP Rodney Everard was quoted as saying by media outlet TyN Magazine.

"We try to implement a global strategy for the company but with a local touch," Everard said.

Belltech's expansion policy responds to the distinct nature of Latin America, according to the executive, seeing increasingly more globalized companies with several operations throughout the region.

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In Colombia and Peru, the company doubled revenues last year, which backs the expansion policy, he added without providing hard figures.

Plans for the future include a project for eight countries, including three in Central America, in Panama, Costa Rica and Guatemala.

After it was founded in Chile in 1998, the company expanded to Peru in 2002, Argentina in 2003, Colombia in 2007, Brazil in 2010 and Uruguay this year.

With more than 700 clients in the region, Belltech saw its sales volume grow 36% in 2010 to US$41mn.