BRQ boosts revenues 30% to US$151mn in 2010, expects similar growth in 2011

Tuesday, March 1, 2011

Brazilian IT services firm BRQ elevated revenues 30% to 250mn reais (US$151mn) in 2010 and expects to reach 330mn reais in 2011, the company said in a statement.

BRQ, which specializes in applications for the financial sector, inaugurated a unit in Alphaville, São Paulo state, as well as its second Curitiba-based outfit last year. The company maintains offices across Brazil and a US affiliate in New York. The firm added key clients, strategic partners and 500 employees in 2010.

To hit its 2011 goal, BRQ revised its business strategy and intends to focus on hiring a new vice president of solutions, while investing in workplace environment and management systems, as well as 9mn reais in its hardware, software, infrastructure and services offerings.

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On the innovation front, the company will emphasize mobile applications and flexible development approaches.

BRQ was founded in 1993 and counts state-owned oil company Petrobras, supermarket group Pão de Açúcar, telecom operator Telefônica and bank Bradesco among its clients.