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BRQ Acquires Risk-Management Software Provider InfoSolution

BRQ Acquires Risk-Management Software Provider InfoSolution

By Narayan Ammachchi Brazilian information technology firm BRQ has acquired local risk-management software provider InfoSolution, thus solidifying its position in the South American country’s expanding IT services market. Neither company has disclosed the financial details of the deal, but according ...

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Algar Tech Launches Delivery Center in Medellin, Colombia

Algar Tech Launches Delivery Center in Medellin, Colombia

By Narayan Ammachchi Brazilian IT outsourcing firm Algar Tech has expanded its operations in Colombia by launching a delivery center in Medellin. Algar, which also operates in Argentina and Chile, says it wants to contribute to Colombia’s socio-economic growth by utilizing ...

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Sergio Paulo Gallindo to Take Over as CEO of Brasscom

Sergio Paulo Gallindo to Take Over as CEO of Brasscom

By Narayan Ammachchi A former executive of British Telecom (BT), Sergio Paulo Gallindo has been named CEO of Brazil’s IT lobby group Brasscom. Gallindo succeeds Antonio Carlos Rego Gil, who will take up the position of guest adviser in the association. Brasscom ...

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Chile’s Sonda Buys Out Brazilian Rival CTIS

Chile’s Sonda Buys Out Brazilian Rival CTIS

By Narayan Ammachchi Chilean information technology firm Sonda has agreed to acquire the IT services unit of Brazil’s CTIS for an initial $170 million USD. The Chilean company may have to shell out another $36 million if the acquired firm meets ...

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Brazil’s Totvs Acquires Local Rival Seventeen

Brazil’s Totvs Acquires Local Rival Seventeen

By Narayan Ammachchi Totvs has wrapped up a deal to acquire a 100% stake in a local IT solutions provider Seventeen Tecnologia da Informação em Informática for about $18 million, further bolstering its already dominant position in Brazil’s enterprise software market. ...

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