Eset sets sights on Brazil

- Thursday, September 29, 2011

Eset sets sights on Brazil

Slovakian antivirus and security software developer Eset has decided to make an extra push to develop business in Brazil, company CEO Richard Marko told BNamericas.

In Brazil, "even though we've been present for years to a certain extent, it's just been two years with our own presence [with an office in São Paulo]. We're talking to bigger partners, and we're looking for ways to define our strategy," he said. "But we grew almost 200% in revenues in 2010 compared to 2009. We're still growing more than 50% for the first half this year in Brazil, and we'd like to continue this growth and become a top-two player in the country in the next three years."

About 15% of PC users in Latin America have Eset solutions, with about 70% of the company's revenues in the region generated by enterprise, Marko noted. "In most countries we're number one or two with regards to user share. That includes bigger countries like Mexico, Argentina, Colombia or Peru."

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The company has eight development labs worldwide, one of which is in Buenos Aires, but expansion plans in the region do not include opening further labs in the short term, he said.

Latin America contributed some 6% of Eset's US$182mn in global revenues last year, the executive noted.

To read the full interview with Marko, see this week's IT Perspectives, for subscribers only.