Infocorp seeks to grow in Latin America

The Uruguayan company was recently acquired by a major Canadian group.

Infocorp plans to expand its operations in Latin America, especially in Argentina, Ecuador, Mexico, Colombia, Peru, Chile, Guatemala, Costa Rica and Panama. The company, which has been growing at a rate of 40% per year, expects to exceed that percentage by 2021.

In the specific case of Chile, where there is a software factory that provides services for clients in the Andean region, the company plans to expand its offices by incorporating new resources and adding clients.Ana Inés Echavarren, CEO of Infocorp, said in this regard: “We are immersed in a strong process of regional expansion in order to accelerate digitization in the financial sector.”

Infocorp was recently acquired by the Canadian group Constellation Software Inc. (CSI), becoming the first company specialized in technology for the financial sector that the group acquires in South America.

“It is a privilege for us to be part of this worldwide recognized group and we are thankful for CSI’S bet on a Uruguayan company for its expansion,” added Echavarren, who has been CEO of Infocorp for five years and has been working in the industry since 1993. She is the only female CEO leading a technology company in Uruguay.

Constellation Software Inc. is a Toronto-based Canadian group that provides software and services for the public and private sectors in more than 100 markets around the world, through its six operating groups. The firm, one of Canada’s largest publicly traded companies, generates revenues of over $ 3 trillion and has a presence in North America, Europe, Australia, South America and South Africa.

Its subsidiaries are constantly developing innovative solutions that enable clients to achieve their goals. With over 125,000 clients and a solid track record of strong growth, they have a broad portfolio of software businesses to provide their clients and shareholders with exceptional returns.

The purchase was made through Aquila, one of the group’s US-based companies, which specializes in solutions for the housing, finance, banking, insurance, higher education, travel and public sectors in America and Europe.

Infocorp was created 25 years ago by Gabriel Colla, and it operates in 16 countries in South and Central America, and has a client portfolio made up of 40 banks in the region. He is the developer of the IC OmniChannel Banking platform, a cutting-edge digital banking software solution that centralizes all the bank’s channels, transforming them into a complete digital user experience.