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Brazilian IT services provider Exceda has expanded its footprint in Latin America, launching operations in Argentina and Chile, and with plans to move into Colombia and Peru in the next few months, the company said in a statement.
Exceda's 2010 revenues, generated in Brazil alone, surged 92% to 25mn reais (US$15.3mn).
Based on these results, the company decided to move into the growing Latin American internet market to consolidate its application acceleration services and online content distribution offer.
"The growth achieved in previous years was fueled by e-commerce, but in 2010 we found that the media and entertainment markets had a marked acceleration, as well as the financial and government segments," said Exceda partner Ricardo Couto.
"In 2010, growth was above average compared to previous years, and the trend is for this scenario to continue this year," he added.
The company projects 60% revenue growth for 2011, reaching 40mn reais. The new operations in Latin America are expected to contribute 15% of total revenues by the first quarter of 2012.
Exceda sees great opportunities in rising broadband adoption in the region, and the increasing number of applications and content being offered to users.
In addition to Argentina and Chile, the company continues to invest in the Brazilian market, with a new office in capital Brasília and expanded operations in Rio de Janeiro in the first quarter. The company has also developed a partner network to resell services in several states throughout the country.
Exceda was founded in 2002 and counts among its customers Embraer, Carrefour and AmBev. It is the exclusive partner in Brazil of US content delivery service provider Akamai (Nasdaq: AKAM).