Brasoftware shows 16% revenue growth to US$150mn in 2010

- Friday, February 4, 2011

Brasoftware shows 16% revenue growth to US$150mn in 2010

Brazilian software reseller Brasoftware increased revenues 16.3% to 250mn reais (US$150mn) in 2010, the company said in a statement.

The company attributed its growth to a 15% increase in its sales force, as well as a 20% enhancement in its portfolio of products and services. Brasoftware completed projects with satellite TV provider Sky and Brazilian internet service provider Universo Online (UOL) (Bovespa: UOLL4), among others, and closed contracts with new clients, such as the Mato Grosso state treasury and the national oil agency ANP.

Brasoftware expects to boost revenues an additional 16% in 2011, and to that end has procured strategic certifications from international firms such as Adobe and Symantec.

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The company plans to focus on Rio Grande do Sul, Brasília, São Paulo state and Salvador, as well as Santa Catarina and Mato Grosso states, where the firm launched operations last year. In terms of verticals, Brasoftware will invest in its solutions for the telecom, education and public sectors.

Founded in 1987, Brasoftware has 130 employees and clients across the country.