NeuralSoft grows revenues 20% in 2010

Tuesday, March 8, 2011

Argentine software solutions developer NeuralSoft saw revenues increase 20% last year, reaching 22mn pesos (US$5.5mn), the company said in a statement.

Sales were driven by an uptick in application service provider (ASP) contracts, as the company gained 12 new clients in this model alone during the fourth quarter.

NeuralSoft increased its retail client base during the latter months of last year, signing up local supermarket chains such as Supermercados Alvear and Don León.

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The firm also brought its total number of SME clients to 300, and will continue to target smaller firms.

NeuralSoft started operations in 1989 and now has offices in Rosario, Córdoba and Buenos Aires. It targets firms in more than 100 vertical markets.