SOURCE: Stefanini IT Solutions

Stefanini IT Solutions

February 19, 2009 13:21 ET

Stefanini IT Solutions Forecasts Continued Growth in 2009 Despite Economic Challenges

Brazil-Based IT Outsourcer Builds on 35 Percent Rise in Revenue in 2008

FORT LAUDERDALE, FL--(Marketwire - February 19, 2009) - Despite today's global economic challenges, Stefanini IT Solutions (http://www.stefanini.com/), a global provider of onshore and nearshore IT consulting, integration and development, and outsourcing services, anticipates an increase of $120 million in revenue for 2009, up from $260 million in 2008. In light of the business world's financial troubles and the IT industry's recent governance issues, the company's stability has proven to be a strategic advantage in attracting new business and sustaining current clients.

"Companies today need to be cautious when selecting their IT providers for many reasons -- particularly given current economic conditions -- and Stefanini has proven to be a safe choice with a long history of financial stability, sound planning, and maintaining long lasting client relationships," said Antonio Moreira, CEO of Stefanini's North American operations. "In addition, Stefanini's flexible engagement and delivery models are a true value-add to our customers facing today's challenging economic environment. We focus on the challenges that each one of our clients are facing and rely on our Global Delivery Network to build a solution that will work best for them."

Globally, Stefanini secured 40 new clients and experienced a growth rate of 35 percent in 2008, the highest total for the company over the last six years. Stefanini attributes this success to the growth in the number of new clients, a 60 percent revenue increase in North America, and continued customer retention.

Going forward in 2009, Stefanini will focus on acquisitions as the company looks to support this growing customer base and address emerging opportunities across North America.

In addition to revenue growth, other North America highlights for Stefanini in 2008 include opening its first office in Canada and its fourth development center in Mexico. Stefanini continues to expand its presence in Mexico as it is a strategic location for the company.

"As the largest native Brazilian IT consulting company and one of the largest IT consulting companies in Latin America, we are continually looking to extend the reach of our worldwide services, and this new location in Mexico is an important part of that effort," said Moreira. "In addition to being a center for IT services, Mexico is also a location in which Stefanini is capable of offering contingency plans to clients that we support from other locations in North and South America. We expect to see an increase in demand for nearshore services in the next few years, and with the business center in Mexico, Stefanini will be prepared to continue to offer its clients the highest level of services available."

About Stefanini

Stefanini IT Solutions, a global leader in IT consulting, integration and development and outsourcing, offers onshore and nearshore custom application development and maintenance, ERP, and also infrastructure services. The company has more than 7,400 employees with 36 offices in 16 countries, and more than 350 active customers across a broad spectrum of markets, including energy and utilities, insurance, manufacturing and distribution, oil and gas, financial services, and telecom. One of Brazil's leading IT companies, Stefanini IT Solutions is CMMI Level 5 and ISO 9001:2000 certified. Founded in 1987, Stefanini IT Solutions currently has operations worldwide, including North American offices in New York, Atlanta, Montreal, and Fort Lauderdale.

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