Contacta expects to double revenues over next 5 years

Thursday, October 20, 2011

Brazilian IT security solutions provider Contacta expects to double its revenues over the next five years, company executive Marcelo Câmara told BNamericas without providing hard figures.

Originally based in Rio de Janeiro, the company has now set up an office in São Paulo.

"Rio's market was already consolidated for us. Plus, we had to follow some of our major clients, such as [satellite pay-TV company] Sky and [insurance firm] SulAmérica Seguros, which moved their operations to São Paulo," Câmara said.

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Moving to São Paulo, Brazil's biggest city, has also allowed Contacta to expand its clients base, which currently reaches 39 in the city and some 200 more in Rio de Janeiro, according to the executive, who is responsible for the new São Paulo unit.

By year-end, the company expects São Paulo will account for 50 clients, he added. The bank Santander is one of the firm's major clients and accounts for nearly 60% of Contacta's revenues in São Paulo.

Câmara also confirmed plans to open an office in capital Brasília, to strengthen businesses relations. The timeline for this is not yet defined.