Synapsis to double workforce with new US$7mn data center

Wednesday, August 24, 2011

Chilean IT firm Synapsis expects to double its current 300 employees in Colombia in the next three years with its new data center, company general manager Leonardo Covalschi told BNamericas.

The company will invest US$7mn for the new facility in Tocancipá municipality to cover the "high demand" for IT services in Latin America.

Covalschi said in a statement that the project will allow Synapsis to expand the services it currently offers in Colombia.

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According to Synapsis, the country's competiveness, its political and economic stability and the availability of IT professionals were the main incentives for building a data center, as well as Colombia's telecommunication infrastructure, its geographic location and the low risk of natural disasters, such as earthquakes.

The Colombian unit brings in about 30% of total revenue for the company. With the new facility, Synapsis expects to increase its operational capacity to offer more competitive prices.

Synapsis - bought last year by private equity firm Riverwood Capital for US$52mn - operates in Chile, Argentina, Colombia, Peru and Panama, and provides IT outsourcing services, including IT infrastructure, SAP solutions, business applications and commercial systems, to corporate and government clients.

The 1,500m2 facility will be fully operational by October 2012.