Uruguayan supply chain management (SCM) software provider CPG Soft expects revenues to expand tenfold in the next five years, reaching US$20mn, company CEO Fernando Lazcano told BNamericas.
The firm, founded 20 years ago, expects to close contracts with capital risk investors by mid-year and with the money plans to launch a new software as a service (SaaS) version of its flagship product Global Truck, as well as open new offices in Latin America.
Last year, CPG Soft posted revenues of US$2mn, up 15% on 2006.
"We are planning to expand geographically, because we are mainly in the Southern Cone and Andean countries. We have no physical presence in Mexico or Brazil," he said.
If all goes according to plan, CPG Soft will open offices in Mexico in 2009, following that expansion with offices in Colombia and Brazil.
The company currently has clients in 19 countries, all in Latin America except for one in Thailand. The Global Truck SCM product is aimed at consumer goods manufacturers with hundreds or thousands of points of sales. Up to now, however, the product and its proprietary licensing model have been out of reach of SMEs.
The Global Truck SaaS version is expected for launch at the end of 2009 and will give SMEs a chance to use the product in a much more scalable form.
"Small distributors don't have the power to buy Truck, but they will be able to do it with the SaaS version, with preconfigured interface and easy implementation. Those with just five routes will pay a fee for those five routes. The rest is hosting, we provide the service for handling their back office," Lazcano added.
