By Narayan Ammachchi
Analyst firm Fast Market Research has predicted that Brazil’s domestic IT spending will increase by 10 percent to reach US$ 11.80 billion by the end of 2013.
The key drivers of this growth are the international sporting events, FIFA World Cup and the Olympic Games, which the Latin American country is hosting in 2014 and 2016 respectively.
The sporting events will ‘drive billions of dollars of IT spending’, noted the research firm.
“Despite a slowdown in PC sales in 2012 and forecasts of a deceleration of economic growth in 2013, we believe a number of factors will converge to stimulate faster growth in the IT market in 2013,” said the analyst firm in a press release.
In the hardware market, the launch of Windows 8 and the arrival of higher performance price competitive tablets are expected to boost sales.
Interestingly, the analyst …
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Fraga: Back to 70′s style protectionism?
By Luke Bujarski
Esteemed economist Arminio Fraga Neto recently issued a mixed assessment of the macroeconomic and political environment of Brazil, noting that the government is indeed “listening” to the needs of the private sector but also doing too much to protect specific industries. Fraga was one of several notable speakers at the recent “Brazil Summit”, organized in New York City, by the Brazil-American Chamber of Commerce, where global services was one of the prime topics of discussion.
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By Narayan Ammachchi
The first Clinton Global Initiative Latin America is scheduled for December 8-10 in the Brazilian city of Rio de Janeiro. According to the Associated Press, the former U.S. president made the announcement at the mid-year meeting of the initiative this week in New York City.
Also present at the time of announcement was Rio’s mayor Eduardo Paes and former Secretary of State Hillary Rodham Clinton. “At CGI Latin America, President Clinton will join regional and global leaders from a wide variety of backgrounds to highlight successes and create opportunities to network and build partnerships. During the two-day program of panel discussions and interactive working sessions, participants will focus on developing even more effective solutions,” reads a statement on the CGI website.
Bloomberg, according to AP, has been a key visionary in creating a framework that could be used by cities all over the world …
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SPECIAL SPONSORED POST
By Marco Stefanini
We live in a globalized world with increasing technological transformations. Among outstanding developments that reach the global population, it is the practice of entrepreneurship that stands out as a way to conduct business with an innovative approach. Enterprising initiatives are essential for the socioeconomic development of a country, which is fundamental for the concept of job opportunities and is also a driver of economy. Enterprising activities not only drive the economic system but also promote important transformations and social development.
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By Narayan Ammachchi
Norwegian software firm KADME has teamed up with Brazilian technology solutions vendor IesBrazil to sell its “Whereoil” software platform to the companies in the Brazilian oil and gas industry.
Whereoil, according to KADME, helps energy companies get access to every piece of information about oil and gas industry so they can take quick decisions regarding oil exploration and sales.
“Many of our clients have interests in Brazil, and we see a great opportunity to introduce Whereoil in this dynamic market,” stated Gianluca Monachese, KADME’s founder and Director of Business Development.
KADME says it had long been trying to enter the lucrative Brazilian market.
IesBrazil’s partnership with the KADME will be announced officially at the 13th International Congress of the Brazilian Geophysical Society, due in August this year. Stavanger, Norway-based KADME says its software platform will better serve the information management needs of the oil …
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By Narayan Ammachchi
Sao Paulo, Brazil-based BPO firm Toutatis has teamed up with global human capital management company Meta4 to offer payroll outsourcing services to corporate companies across Latin America.
As part of the agreement, Meta4 will allow the Brazilian company access its ‘PeopleNet technology platform’ designed specifically for HR management.
Meta4 has presence in several countries in the region, and Latin America represented 22 percent of its revenue last year.
“To achieve such good results with excellent prospects for further development, it is worth mentioning the growth experienced in the Cloud Payroll and HR line of solutions—a strategic area where Latin American revenue has grown 47% as compared to the previous year,” the company stated in a press release.
Meta4 said it was looking for corporate clients with offices across the region because, it said, corporate companies accounted for 85 percent of its revenue last year.
“This alliance will be able to …
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Nexus Special Report: New York Times columnist Joe Nocera says Washington’s follies have put the U.S. at a disadvantage against global competitors.
By Paul McDougall
Political gridlock, rising debt, and uncertainty over key issues like immigration and healthcare could have more U.S. companies looking to put work offshore or in nearshore locales, according to New York Times columnist Joe Nocera. “Imagine you’re a company and you have to make decisions about capex and hiring. Tell me again why you’re going to expand that plant in the United States when you see what’s going on in Washington,” said Nocera, who spoke Wednesday at the Nearshore Nexus conference in Jersey City, NJ.
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