Company Overview
Av. Brigadeiro Faria Lima
1355 - 19° Andar
Sao Paulo, SP 01451-903
Brazil
Founded in 1987
Key Executives
Key developments for Stefanini IT Solutions
Stefanini IT Solutions plans to invest BRL 2 million-3 million in its document services division. The business area will be focused on digitalizing checks and other paper documents. Outsourcing such services will allow clients to reduce backlogs in their telecommunications networks. The services will also help financial institutions meet regulations imposed by banking industry group Febraban. The investments will be completed during the next two years.
Stefanini IT Solutions provides earnings guidance for the year 2009. For the period, the company expects revenues of BRL 800 million, up from the BRL 510 million posted in 2008.
Marco Stefanini, President of Stefanini IT Solutions stated that the company has $50 million available for potential acquisitions. He stated that the company is looking to acquire IT Service Company in the US. He said: "We expect to close a deal sometime this year."
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