Chilean tech services vendor Acid Labs is set for a US$1.2 million landing in Mexico City.
Acid Labs announced plans to launch operations in the Mexican capital with an initial headcount of 20 employees. If things go well enough for the Chilean company, it will have hired over a 100 employees by the end of 2025.
“Through our local operation, we will add the best talent in the country to directly serve Mexican companies that, in addition, have the support and experience of our collaborators distributed throughout the region,” said Acid Labs founder Álvaro Rojas.
Rojas said his company is considering opening offices in other major Mexican cities, such as Guadalajara and Monterrey.
The IT provider runs two offices in Chile: one in Santiago and another in Concepción.
Acid Labs offers a wide range of consulting services, including business process improvement, IT strategy and project management. Cencosud, The Chilean government, Latam Airlines, Sky Airlines, Walmart, Tenaris, Equifax, Avon, Patagonia and Itau Bank are among its major clients.
According to Owler, Acid Labs’ annual revenue is estimated to be US$10 million.