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Peru's software industry is set to bill US$130mn in 2007, up 25% compared to last year, Yosef Humala, general manager of the country's software promotion agency Apesoft, told BNamericas.
In 2008, Humala expects the software industry to grow 20%, as several Peruvian software firms are expected to attain CMMi certification, enabling them to compete internationally and increase software exports.
At present three locally owned IT companies in Peru have CMMi certification with companies in the cities of Arequipa, Chiclayo and Trujillo expected to achieve CMMi in 2008 Humala said.
This year software exports are set to reach US$25mn, 15% more than in 2006, according to the executive.
Software exports mainly go to the US and other Latin America countries. According to Humala, demand for software adoption is being driven by international regulations such as Sarbanes Oxley.
Companies also are implementing business automation software and other IT tools to improve efficiency in preparation for the entrance of new competition resulting from the free trade agreement with the US.
The biggest obstacle facing Peruvian software companies is improving management and positioning their brands, according to Humala. Apesoft is using funding from the government's export promotion agency PromPerú and the Inter-American Development Bank to help local companies draw up marketing strategies.
Apesoft has some 90 members. Humala estimates there are 300 independent software firms in Peru.