MQA expects to bill US$15mn this year

- Monday, October 17, 2011

MQA expects to bill US$15mn this year

Colombian IT firm and SAP (NYSE: SAP) partner MQA expects to bill some US$15mn this year, up 40% compared to 2010, company manager Germán Borrero told BNamericas.

The Colombian operation will move US$10mn this year, up 24%. Meanwhile, the company's Ecuadorian operations will bill some US$1mn, while its business in Central America will generate revenues of US$4mn, Borrero said. In Central America, MQA operates in Guatemala, Costa Rica and Panama.

Operations in Costa Rica and Ecuador were launched during 2011, and "we're seeing very good business opportunities in these two markets. However, it takes time to structure and consolidate operations," he said.

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According to Borrero, the company is targeting revenues of some US$3mn in Ecuador next year.

The firm has three business units - services, licensing and support and maintenance services. Borrero said consulting represents half of MQA's annual revenues, while licensing represents 30%. Support and maintenance services account for the remainder.

In Colombia, the company expects to end the year with a customer base of some 80 firms. "We initially target medium-sized companies, but now we're also focusing on large corporations," Borrero said.

MQA is a SAP master value-added reseller in Colombia. In the other countries where it operates, the company is a SAP silver partner, Borrero said.

The executive also said that MQA is starting to see demand for SAP's mobility solutions in the Colombian market.