Softway expects southern region revenues to grow 60% in 2011

Tuesday, April 12, 2011

Softway, a Brazilian solutions and software developer for the foreign commerce market, expects its revenues from operations in the south of the country to expand 60% this year and reach 5mn reais (US$3.1mn), local IT news service Baguete reported.

"In the south, we can grow above the national average," company executive Paulo Carvalho was quoted as saying.

Some of Softway's clients in the south include Tyson Foods, Sadia, Amanco and John Deer.

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At a national level, the company billed 45mn reais last year, climbing 12.5%, according to the report.

Last month, the company opened an office in Buenos Aires, through which it also plans to manage operations in Chile, Uruguay, Paraguay and Bolivia.

The company expects its Argentine operation to represent 10% of total revenues in 2015.

In Brazil, the company has offices in Campinas, São Paulo, Porto Alegre, Curitiba, Belo Horizonte and Rio de Janeiro.