PBBI plans for 100% revenue growth in 2011

- Thursday, March 3, 2011

PBBI plans for 100% revenue growth in 2011

US software supplier Pitney Bowes Business Insight (PBBI) (NYSE: PBI) intends to double revenues in Brazil this year with a focus on the financial, telecommunications and public sectors, the company's director for the Americas, Greg Van den Heuvel, told BNamericas.

Analysts foresee the annual software market in Brazil generating US$2bn, the executive added.

PBBI also intends to expand across Latin America, which today accounts for 10% of all revenues from the Americas, including the US and Canada. The region is expected to deliver 20% of all Americas revenues within five years - probably closer to three - Heuvel said without providing exact figures.

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PBBI's growth in Latin America, he added, is stronger than the overall industry rate of 12-15%.

To read the full interview with Heuvel, see this week's IT Perspectives, for subscribers only.