Global software firm Softtek has announced the appointment of IT industry veteran Miguel Saldivar as its chief executive officer in Brazil, the Latin America’s biggest economy that accounts for 28 percent of its global revenue.
Sustaining the company’s high growth rate is a challenge considering the Brazil’s slow pace of growth in recent months, said Saldivar, who has been with Softtek for the past 22 years. Softtek has a good track record in Brazil and is hoping to grow 25 percent over the next 12 months.
Brazil is its second largest market and a growth here is critical to the company’s success regionally. Softtek stated in a press release that it is currently exploring ways to capitalize on a growing demand for Big Data and analytics service in Brazil, in addition to expanding its IT support and application management services.
Softtek, according to Saldivar, is also investing heavily in mobility, another high-growth area in the Brazilian technology market. The Brazilian Association of Software Companies (ABES) estimates that the country’s software market would grow about 20% this year. According to IDC, the IT services sector is set to grow 11 percent.
Softtek has recently expanded its portfolio as well as presence in the nearshore marketplace by acquiring California-based Systech Integrators in the first quarter of this financial year.
“To be able to maintain this pace of global growth, we will continue to evaluate business with companies that can bring value to our operation. Some acquisitions are planned in the next 12 or 24 months,” says Saldivar.
Earlier this year, Softtek expanded its global delivery center in São Paulo and launched a new center to offer cloud services in Latin America. Softtek, headquartered in Monterrey, Mexico, has about 1,000 employees in Brazil and 7,700 in the world.
Saldivar joined Softtek in 1991 as a programmer and rose through ranks as the years went by. He has served extensively at the company’s offices in the United States, Mexico as well as Brazil.