Much of this money went to computer hardware makers, while software development sector made US$10.5 billion in revenue, according to a study conducted by IDC for Brazilian Association of Software Companies (ABES).
Marcelo headed Stefanini’s Mexican operations until 2012, when the IT services provider split its operations into four regional units: Brazil, Latam (Spanish-speaking countries), the United States, and Asia/ Europe.
Honduras and Panama also performed commendably, although inflows dropped dramatically in Nicaragua and Costa Rica, according to data released by the Economic Commission for Latin America and the Caribbean.
Belatrix Software runs delivery centers in Peru, Colombia, Spain, and the United States in addition to Argentina. With this acquisition, Globant is confident they will have a great cultural fit between both teams.
The bank has pulled together the financial resources from various global institutions, including International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).