Resource expects to reach US$643mn in sales by 2015

- Monday, July 4, 2011

Resource expects to reach US$643mn in sales by 2015

Brazilian IT outsourcing group Resource is expecting 1bn reais (US$643mn) in sales by 2015, company president Gilmar Batistela was quoted as saying by online news source Convergência Digital.

The company, which specializes in electronic payment software and solutions for the financial sector, billed 204mn reais in 2010. It is looking to hit the 300mn-real and 3,000-employee watermarks by year-end.

"Today we are among the five largest integrators in the Brazilian market, and we are one of the few with 100% national capital," Batistela said.

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The company's growth has been mainly attributed to acquisitions made in the last six years. The latest purchase was consulting firm BBKO, which strengthened Resource's SAP offering and brought a portfolio of more than 100 multinational clients.

But acquisitions will not stop there, he added. Soon the company will announce new deals in the country to expand its reach to the insurance and government verticals.

Additionally, to accomplish its 2015 goal, Resource is planning a Latin American expansion. "We are targeting the Chilean, Colombian, Mexican and Argentine markets," Batistela was quoted as saying. Resource has already started negotiations in two of these markets, results of which are expected to be announced this year.