Brazilian technology firm Stefanini has agreed to acquire Colombian ERP vendor Sysman for an undisclosed price. Operating for the last 28 years, Sysman boasts 300 customers, most of which are government agencies and state-owned firms or municipalities.
Henry Puerto, CEO of the Colombian company, says that Sysman might grow at a rapid pace over the coming years under the leadership of Stefanini. According to the Brazilian firm, Puerto will continue to lead the firm in the Andean country.
Stefanini will soon integrate Sysman into its assets and offer ERP to government agencies in Brazil, Ecuador, Peru, and Mexico. Stefanini made its foray into Colombia in 2004, but its biggest expansion came in 2011 when it acquired Informatica & Technology with a central delivery center for the region.
Today, with more than 850 employees, it runs four offices in Bogotá, Medellín, Cali and Barranquilla. Going by its own statement, the company’s Colombian operation registered 25% growth in the last three years.
“We are excited about the merger of Sysman and hope to make further acquisitions in Latin America throughout the year,” said Marcelo Ciasca, CEO of Stefanini in Latin America.
Stefanini is growing larger and larger. Months ago, it joined hands with Japanese ICT giant Fujitsu to develop cloud-computing projects. Last week it announced that it would double its operation in the Philippines, increasing the headcount from 1,000 to 2,000.
One of a few Latin American technology firms with a global footprint, Stefanini has nearly 35 delivery centers across the world, including India and Malaysia. The software maker posted $870 million in annual revenue for 2014, an increase of 11% from the previous year.
Although many Latin American economies are going through volatile times, largely due to lower commodity prices, Colombia realized GDP growth of roughtly 3% in 2015.