glendonTodd Capital LLC, a private equity firm that focuses on investments in business services companies and investments in real estate, announces the acquisition of Toutatis Inc. by glendonTodd Capital LLC and Performa Partners.
Based in São Paulo, Brazil, Toutatis Inc. is a full service business process outsourcing (BPO) provider in Latin America and offers a wide variety of BPO solutions in human resource outsourcing, finance and accounting outsourcing and procurement outsourcing. The firm has offices in ten countries throughout Central and South America, including: Argentina, Brazil, Chile, Columbia, Ecuador, Mexico, Paraguay, Peru, Venezuela, and Uruguay, giving it the ability to serve international clients with operations throughout the region. The company’s unique ability to deliver BPO services across Latin America from its shared service center in Uberlândia offers flexible and cost-efficient solutions by providing user-friendly, accurate, seamless execution.
Todd Furniss, Managing Partner of glendonTodd Capital explains, “We focus on those industries and companies …
Go Back in Time at the Archeology Museum of the West
May 17th, 2012
The “Museo de Arqueología del Occidente, Lic. José Parres Arias” located on 16 de Septiembre Av. #889 in downtown Guadalajara, offers exhibitions from pre-Hispanic archeological sites, particularly from the Mexican states of Jalisco, Colima and Nayarit.
The first exhibition area is the Jalisco exhibition, which includes pre-Hispanic clay pieces for domestic use and ceremonial gatherings, as well as sculptures that represented important characters such as gods, as well as common people in their daily routines, executed using different kinds of clay and colors.
You will also see, along with coins used by the native “Los Toltecas” people, pieces of volcanic stone women used to grind corn and other artifacts used to process food. Corn was a very important and precious food in the mid-Americas, and was worshipped in ceremonies and represented by …
Capgemini to Establish Colombia Operations
May 17th, 2012Capgemini, one of the largest multinational IT companies in the world with presence in 40 countries and more than 50 years of experience, will open a subsidiary in Bogotá to offer its services to local clients and subsequently to clients based in other Latin American countries while using Colombia as its regional base of operations.
“Colombia is a key country in our regional expansion strategy; it’s a country experiencing strong growth that has a very capable workforce and a very competitive cost structure. For that reason we decided to open offices here,” said Peter Kroll, Senior Vice President of Capegemini North Latam.
Proexport Colombia facilitated Capgemini’s landing in Colombia; the company will generate 400 jobs in the next two years. “’We look for computer scientists that have graduated from Colombian universities and we train them to provide Capegemini services to national clients and to other clients in the region,” explained Kroll.
“More and …
Stefanini buys Uruguayan Company ‘Top Systems’
May 17th, 2012
By Filipe Pacheco
Stefanini IT Solutions, one of the biggest players in the IT and Outsourcing industry in Brazil, has just made another move towards expansion in Latin America — this time, towards the southern part of the continent. The company founded and managed by Marco Stefanini has now bought Top Systems, one of the biggest producers of core banking software in Uruguay.
Medellin Slideshow: A City Blooming for BPO
May 16th, 2012Medellin is one of those cities that you never want to leave. Blessed with mountains on all sides, a Mediterranean climate and some of the best beef dishes anywhere in Colombia (especially when over a barbeque), Medellin is shaking loose from the shackles of its past and putting a remarkable amount of focus on global services. We spent a few days there last week – and got to know how the Paisas people see Colombia’s second biggest city evolving as a hub for innovation and global engagement.
A Traumatic Past Sets Medellin Ablaze with Global Ambitions
May 16th, 2012
By Kirk Laughlin
Seemingly out of nowhere, Medellin is sweeping onto Latin America outsourcing’s center stage in a dramatic flourish, winning deal after deal and – by beckoning to the world – totally reshaping what the city stands for by openly confronting the wreckage of its darkest days. Medellin’s dramatic transformation is easily one of the most captivating stories in all of Latin America IT.
By Filipe Pacheco
Genpact is definitely a global leader when it comes to business process and technology management. But, in Brazil, the company`s strategy is to learn with the Brazilians how to be successful in the local market and the intentions are to start to follow a growing path from now on. “We are a global company with local presence. In Brazil, we knew it was necessary to come up with a Brazilian team that understands the local market very well,” said Affonso Nina, Genpact`s new Brazil`s country manager. “And, with that process, we had to have in mind the word adaptation”.
All Aboard the Jose Cuervo Express
May 3rd, 2012By Duncan Tucker
Ever wondered where your hangovers come from? Well now you can find out first-hand on Jose Cuervo’s express train to the town of Tequila.
Billed as the only train that actually takes passengers to Tequila, one of Mexico’s fabled “pueblos magicos,” (magic towns) the Cuervo Express opened in February. It is not be confused with rival service, the Tequila Express, which for 14 years has been transporting tourists to the Herradura distillery in nearby Amatitan.
The leisurely 60-kilometer journey from Guadalajara to Tequila takes exactly two hours. Holding up to 395 passengers, the finely furnished seven-carriage train rumbles along at a gentle pace through the rugged Jalisco countryside, past volcanoes and row upon row of spiky blue agave plants. As much agave-based booze as you can handle (margaritas, shots, long drinks) is readily available throughout the return journey, along with delicious nibbles, including empanadas, tacos and tortas ahogadas.
Economic Slowdown Won’t Stop IT Expansion in Brazil
May 3rd, 2012
By Luke Bujarski
Last week’s Bloomberg Latin America Investing conference in New York City was a sobering reminder of Brazil’s precarious economic balancing act hinging on foreign investment, consumption, government stimulus, and inflated commodity prices. Yet, despite mixed signals over the future macro outlook, Brazil’s IT services industry will continue to rage forward. Antonio Gil president of BRASSCOM shrugged off pragmatic panel concerns with confidence, reassuring the audience that IT will expand aggressively at ten percent annually, to reach $210 billion USD by 2020.
PRONicaragua Number One Investment Promotion Agency: World Bank
April 27th, 2012
PRONicaragua stood out with the best results among all investment promotion agencies in the world in the 2012 Global Investment Promotion Benchmarking, recently published by the World Bank, the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA).
Among the 189 institutions evaluated, PRONicaragua was the only institution to achieve a rating of “best practice,” the highest distinction awarded by the study in each of the three evaluations implemented. This edition marks the first time in history that a non-member country of the Organization for Economic Cooperation and Development (OECD) receives such recognition.
Robert Whyte, the World Bank’s Project Manager for the GIPB 2012, mentioned that with FDI levels only slowly recovering post-crisis, it is more important than ever for government agencies to be highly responsive to the needs of potential investors as they search for new investment locations, adding that …
