Nearshore Americas

With Close to $1 Billion in Revenue, Stefanini Sees Further U.S. Expansion


Brazil’s IT services firm Stefanini is expected to post $913 million in revenue for the year 2012, growing by more than 50% from the previous year.

The Sao Paulo-based company, which employs 17,000 staff  in 30 countries, says te rise in revenue was partly helped by the acquisitions it made over the past year.

Stefanini acquired Topaz in Uruguay and Brazil’s Orbitall in the first half of 2012. As recently as two months ago, it bought Woopi, another Brazilian company based in Sorocaba, São Paulo. Now, Stefanini says it is looking to expand in North America either through acquisition or by setting up new facilities in the U.S., preferably somewhere on the West Coast.

Brazil accounts for nearly 65 percent of  Stefanini’s revenue. It appears the firm will focus on  consolidating its position and add new technologies and solutions in Brazil during 2013.

In a press release, the firm stated it is confident that it would grow by about 15 percent in 2013, during which the company wants to hire as many as 6,000 employees and invest a large in training workers in high-tech skills. “We have been successful in expanding our footprint in many countries because of our flexibility, creativity and innovative work culture,” says company founder Marco Stefanini.

Monica Herrero, Stefanini’s CEO in Brazil, says she is expecting Stefanini to to invest in mobility.

“The use of mobile phones and tablets in business should be intensified,” Herrero said citing a recent report from IDC which predicted a significant surge in data traffic in the years ahead.

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“The road is still long and, in 2013, companies will go through a process of understanding and adapting to this trend. But progress must happen in this field, with the mobilization of technologies and investments to meet this challenge, including the largest membership of BI solutions (Business Intelligence),” said Herrero.

Narayan Ammachchi

News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business. He works out of his base in the Indian Silicon City of Bangalore.

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