TecCloud, a subsidiary of Brazilian business conglomerate Correa da Silva, owns three tier-3 data centers in Rio Grande do Sul state.
The value of the transaction was not disclosed.
In a statement, Stefanini’s IT director Rogério Vinícius said the company would use TecCloud’s infrastructure for developing cloud solutions.
“At first, we wanted to just implement a technological refresh, but it ended up making room for a new business, the cloud service,” Vinícius said. “With this initiative, we started to work even more with service solutions (SaaS), and we are preparing a cloud offering that we intend to announce to the market soon.”
The public cloud segment in Brazil is growing by 35% annually and is set to reach a value of US$6.5 billion over the next four years, according to technology research firm IDC.