Vertis grows 30% in 2011, expects to increase 50% next year

Wednesday, December 14, 2011

Brazilian IT solutions provider Vertis, which focus on developing e-commerce platforms for retailers, has grown 30% this year, the company said in a release without reporting hard figures.

According to the company, in the last three years, revenues have surged a total of 270%. Vertis said it also expects business to grow some 50% in 2012, mainly driven by a strong increase in demand from the e-commerce segment.

This year, Vertis' client base surpassed the 100-client milestone. It includes companies such as Fast Shop, Zelo and MMartan.

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"Unlike what we witnessed at the beginning of our operations in Brazil, when we saw countless startups that were born and died soon after, now we have solid experience and are living in a much more stable economy, with intense foreign investment in the internet universe and strong digital inclusion, creating a very positive scenario for our business," said Vertis manager Cristian Vidigal.

This year also marks a turnover in operations, as the company decided that its business model would target two different fronts on the internet - B2C, through the sale of Vertis' platform licenses, and B2B, offered as a service.