Quanam expects revenues to expand 25% this year, similar growth in 2012

Wednesday, December 21, 2011

Uruguayan software and IT service provider Quanam expects its revenues this year to expand some 25%, company founder and partner Víctor Ganón told BNamericas.

The executive said that for 2012, the company aims to reach a similar growth level.

The firm's three largest markets are Mexico, Brazil and Uruguay. "These three markets represent approximately 60% of our revenues," Ganón said. "Our Mexican operation has been growing at high rates. For next year, we expect the Mexican business to grow over 30%."

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The firm also plans to focus on Oracle University solutions during 2012. "We are already seeing demand from several universities in Brazil for example," he said.

Quanam is a platinum partner of US corporate software solutions developer Oracle (Nasdaq: ORCL), and its portfolio includes business intelligence, ERP, CRM, outsourcing and software factory solutions, among others.

Headquartered in Uruguayan capital Montevideo, Quanam also has operations in Argentina, Chile, Colombia, Mexico, Peru and the US. Ganón said the firm is not planning to open additional operations in Latin America.