NeuralSoft expects revenues this year to expand 37%, targets US, Europe

- Tuesday, September 20, 2011

NeuralSoft expects revenues this year to expand 37%, targets US, Europe

Argentine software solutions developer NeuralSoft expects revenues this year to expand 37% over the 22mn pesos (US$5.25mn) posted in 2010, company CEO Gustavo Viceconti told BNamericas.

"So far this year, we have generated 22mn pesos in revenues," the executive said. The firm initially expected revenues this year to climb 30%.

The company's portfolio includes several solutions such as CRM, ERP, business intelligence (BI) and ASP. It ended last year with a total client base of 300 SMEs. "We usually see an expansion of approximately 7-8% in our client base each year," the executive said. Some 75-80% of NeuralSoft's revenues are generated by the ASP segment.

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NeuralSoft started operations in 1989 and now has offices in Rosario, Córdoba and Buenos Aires. It targets firms in more than 100 vertical markets. Viceconti added that the company had just launched a new development center in Santa Fe.

The company is looking into opening field offices in the US and Europe within the next two years. "The European office could be located in France or in Germany," Viceconti said.

The executive said the firm expects software exports to account for 80% of its revenues in five years.