Argentinean IT consulting firm Baufest has expanded its Mexican presence with the launch of a delivery center in Monterrey.
The company’s first major expansion in the country in 12 years is an apparent bid to capitalize on the growing demand for digital transformation services in the industrial hubs of Nuevo León.
Company officials say their aim is not to have a presence in every major city but to adapt to local culture and stay closer to their clients.
Baufest has not revealed how many people it would hire in Monterrey but considering its recent financial statement, it would add 180 professionals to its payroll during fiscal 2020. Its current global headcount stands at 650.
Among its local clients include Bimbo, Vitro, Sky and Santander. “Our approach is based on AI, machine learning, cognitive technologies, and data science,” says Luis Battilana, a senior executive of the company.
Baufest was founded 25 years ago in Buenos Aires.
Today, it makes around US$19 million in annual revenue and runs delivery centers in several Latin American and U.S. cities, including Santiago, Mexico City, Lima, Seattle, Boston, in addition to an office in Madrid, Spain.
Earlier in February this year, it bought TranSolutions, a US-based IT company specialized in developing technology solutions for the logistics sector.
Baufest is one of the five software development companies in Argentina with fastest-growing revenue.
The company claims that is the only Latin America I.T. services provider enjoying an investment-grade rating from Standard & Poor’s.