Neoris expects to double local revenues again in 2011

- Thursday, October 6, 2011

Neoris expects to double local revenues again in 2011

Latin American IT consulting and outsourcing firm Neoris expects to repeat its performance of the past two years and double its 2011 revenues from Brazil, company president in the country, Frederico Vilar, told BNamericas.

According to Vilar, the impact of an international economic slowdown should not be felt by Latin America's IT market, especially in Brazil, which is Neoris' "driving force" in the region. Today, the region accounts for some 50% of the company's worldwide revenue, which last year totaled US$300mn.

"We're obviously paying close attention to market movements, but we don't believe that the current crisis in some countries will have an impact on Brazil. Demand for services has never been so hot here," he said.

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Vilar said that alongside the United States, Brazil is the country in Americas that receives the largest amount of investments from Neoris.

And one of the pillars of these investments in the country relies on expanding physical structure, opening new offices and boosting the workforce. Vilar confirmed that Neoris is launching a nearshore outsourcing center in the city of Alphaville, in São Paulo state.

The building, with 600m2, is ready to begin operations and will be integrated with Neoris' four other nearshore outsourcing centers - located in Rosario (Argentina), Monterrey (Mexico), Madrid (Spain) and Budapest (Hungary).

Also, Vilar said that the company intends to open by year-end a new office in the city of Ribeirão Preto, also in São Paulo state, and that there are plans to increase operations in Rio de Janeiro.

"By the end of the year, we want to absorb some 400 new professionals in Brazil, which today accounts for 600 employees," he said.

The full interview with Vilar will be published in this week's IT Perspectives, for subscribers only.