Roundup: EFT Group, Symantec-UOL, CyberSource, SAP

- Wednesday, February 9, 2011

Roundup: EFT Group, Symantec-UOL, CyberSource, SAP

Chilean IT services provider EFT Group has tapped Horacio Arias as sales manager, the company said in a statement.

Arias has more than 15 years of IT and sales experience. He holds a degree in civil electrical engineering and an MBA from the Universidad de Chile.

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US security firm Symantec (Nasdaq: SYMC) has expanded its partnership with Latin America's largest internet service provider, Universo Online (UOL) (Bovespa: UOLL4), Symantec said in a statement.

Under the terms of the agreement, UOL is offering Norton mobile solutions to its members.

As part of the same announcement, Symantec disclosed similar agreements with retailers that sell mobile devices in other regions of the world.

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Mexican airline group Aeromexico has tapped US payment management company CyberSource for fraud detection, the latter firm said in a statement.

The solution will be implemented in card-not-present ticketing operations, such as call center and website sales.

CyberSource is a wholly owned subsidiary of Visa (NYSE: V).

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Roughly 9% of SAP's (NYSE: SAP) Latin American software sales in 2010 were bankrolled by its SAP Financing initiative, the company said in a statement.

The program provides funding to facilitate the purchase of SAP software. Roughly 65% of funds went to SMEs, with the remainder channeled to large enterprises.