Fujitsu sinking US$6mn into South American expansion

- Monday, November 14, 2011

Fujitsu sinking US$6mn into South American expansion

Japanese IT equipment and services provider Fujitsu is investing US$6mn to expand operations to Argentina, Chile and Peru, the company said in a statement.

The company recently started operations in Argentina, initially offering mission critical servers, storage, servers, scanners and a biometric authentication system.

"The expansion to Argentina is the first stage of the company's development in the Spanish-speaking region of Latin America. Fujitsu has had operations in Brazil since 1971. We're opening a subsidiary in Santiago [Chile], and we will shortly start operating in Peru," said Fujitsu's country manager for Argentina, Juan Ignacio Accogli. "The planned US$6mn investment is to establish the subsidiaries, marketing, branding and development of the business model."

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Headquartered in Tokyo, Fujitsu reported consolidated revenues of 4.5tn yen (US$55bn) for the fiscal year ended March 31, 2011. The Americas accounted for 322bn yen of the company's revenues during FY2010.