SAP Latin America growth reaches 48% in 2010

Friday, March 18, 2011

Latin America was SAP's (NYSE: SAP) highest growth region in 2010, expanding 48% during the year, media outlet El Espectador reported the company's president for Latin America and the Caribbean, Rodolpho Cardenuto, as saying while at SAP Forum 2011.

Latin America's growth rate was well above the world average of 18%. According to Cardenuto the company's goal is to maintain this expansion rate in the region, with the possibility of reaching 50% in 2011.

Cardenuto said the company will continue investing in technology, human development and training in the region.

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Other plans for 2011 include driving business analysis solutions - expected to be the company's "star" area in the upcoming years and slated for double-digit growth this year. In Latin America SAP's business analysis solutions grew 60% in 2010.

SAP Mexico's director and president Diego Dzodan said one of the company's priorities will be in mobile technology. The company recently launched its newest version of its Business Objects application, which allows companies to access their information in real time.

Although Cardenuto could not provide specific investment figures for 2011, he discussed plans for a multimillion dollar investment in a technology lab for Latin America to be located in Brazil, opening its first Central American offices in Costa Rica and the creation of jobs in countries like Colombia.