Infosys eyes buys in Mexico, Brazil to improve operations

Date: 16-06-2009

Infosys Technologies is eyeing acquisitions in Mexico and Brazil to expand its delivery capability and grow business from local organisations in these geographies. The company, which expects its first centre in Brazil to be operational in the next three to four months and currently employs about 250 people in Mexico, said it is important to have local facility to attract local business.

 

Infosys is interested in companies that own IP relevant to these markets, or in firms that have large clients headquartered in either Brazil or Mexico. Capabilities in Spanish, which is spoken in Mexico, and Portuguese, which is spoken in Brazil, are one of the key considerations as well.

 

About 20-25 per cent of the total business in Infosys’ Mexico subsidiary comes from multinational companies that have operations in Mexico. The rest of the business comes from clients in North America.

 

Energy, telecom, financial, retail and manufacturing are important sectors in Brazil, which is a fairly large market. The size of the market is more than $100-million market in the IT and the telecom space.

 

Infosys is also looking to partner with IT companies in South Africa to enter the market, which it described as fairly large. Geographies such as Asia, Middle-East, Africa and Latin America comprise about 10 per cent of Infosys’ total revenue. The company expects to double the figure over the next three to five years.

 

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Apr 24, 10:21
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