Brazilian IT consultancy Essence is investing 1.6mn reais (US$914,000) in a new software unit aimed at developing business applications, news source Computer World reported.
The new department will initially serve the civil construction segment, but is likely to be spun off in the future, running independently from Essence.
The firm is said to have decided to focus on the construction segment after noticing a lack of tailored IT tools aimed at business management in this field.
"Through our consulting projects, we realized that even with large customizations, particular and fundamental needs for the core business of the construction segment remained unattended by the main platforms on the market," Essence CEO Rodrigo Ricco was quoted as saying.
The company estimates that the new unit will account for some 10% of the company's total revenues by 2012.