India’s second-largest software services exporter, Infosys Technologies, has announced the opening of a wholly owned subsidiary in Brazil.

The first development center of the subsidiary located in Belo Horizonte, the third largest metropolitan area in Brazil after Rio de Janeiro and Sao Paulo, will offer Infosys’ complete suite of services to Brazilian clients and Brazilian subsidiaries of global customers.

Infosys has been present in the Latin American market since the creation of the company’s Mexican subsidiary — Infosys Technologies S De R.L. De CV, in 2007. The center in Belo Horizonte is Infosys’ third development center in Latin America following the recent opening of Infosys’ second center in Monterrey, Mexico.

The two development centers in Mexico service 32 clients and employ around 357 employees.

S Gopalakrishnan, CEO and MD, Infosys Technologies, said, “Brazil is the largest IT and BPO services market in Latin America, with the eighth highest IT and BPO services spend in the world. The growth forecasts for the IT-BPO sector in Brazil have remained high despite the global economic crisis.” (more…)

Infosys BPO announced today that it has completed the acquisition of US based insurance and retirement business process solutions provider McCamish Systems LLC.

The deal establishes Infosys BPO as a key player in business platform services for the insurance and financial services sector and will enhance company’s capability to deliver end-to-end business solutions,it said in a statement here. Infosys, however, did not provide further details on the acquisition.

“With this acquisition,Infosys BPO strengthens its presence as a global outsourcing services provider.We look forward to an exceptional relationship with McCamish Systems LLC and are delighted to be working with a dynamic and outstanding group of individuals”, Ritesh Idnani, Head, World Wide sales and marketing and business Head, Banking, Capital Markets, Insurance, Healthcare and Emerging Markets and Americas Operations, Infosys BPO said. (more…)