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Fortaleza to Bolster Urban Transport System With IDB Fund

Fortaleza to Bolster Urban Transport System With IDB Fund

By Narayan Ammachchi The Inter-American Development Bank (IDB) has agreed to lend US$57.9 million to the Brazilian city of Fortaleza in order to improve and maintain its public transport system. Brazil’s most densely populated city, Fortaleza is home to about 2.45 million people and has ...

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Technisys Raises $13 Million From Global Venture Funds

Technisys Raises $13 Million From Global Venture Funds

By Narayan Ammachchi Argentine banking software maker Technisys  has raised US$13 million in series B funding. The financing included investments from Intel Capital, Alta Ventures, KaSZeK Ventures, Endeavor Catalyst and Holdinvest. The Miami, Florida-based firm stated that it would use ...

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Sitel to Hire 300 Agents at Call Center in Alabama

Sitel to Hire 300 Agents at Call Center in Alabama

By Narayan Ammachchi Global outsourcing firm Sitel is expanding its operations in Alabama by hiring nearly 300 agents for its call center in Hamilton. The expansion is the result of a new contract the outsourcer won with a U.S.-based communication ...

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LAC Countries Urged to Invest 6.2% of GDP on Infrastructure

LAC Countries Urged to Invest 6.2% of GDP on Infrastructure

By Narayan Ammachchi Latin American countries should annually invest more than 6% of their GDP on infrastructure development to meet their economic goals, the Economic Commission for Latin America and the Caribbean (ECLAC) suggests in its latest report. The report, prepared by ECLAC‘s Infrastructure Services ...

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