GlobalLogic expects Latin American growth to surpass global rate within 5 years

Thursday, October 6, 2011

US software developer GlobalLogic expects its Latin American operations to grow at a higher rate compared to its global average within the next five years, the company's VP of sales and advisory for the region, Juan Bello, told BNamericas, without providing hard figures.

The executive said the firm has an investment program to achieve the growth goals for the coming years.

"This year, we expect to record continued growth in our Latin American revenues. Last year, our regional business expanded 47%. We foresee a good year for us in 2011, as we're growing at a good pace," Bello said.

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The executive said the region currently accounts for some 8% of the company's global revenues.

In Latin America, GlobalLogic has field offices in Chile and Argentina, where it also has two delivery centers. The executive said the company expects to expand its Latin American operations, but declined to provide further details.

Each of these two countries accounts for about half of regional revenues, Bello said. Businesses in other countries such as Brazil, Colombia and Peru are still very small.

GlobalLogic provides clients with a full range of R&D services in markets such as digital media, electronics, finance, healthcare, infrastructure, retail and telecom.