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.”

Infosys has appointed Puneet Gill as the head of the development center. Puneet has been with Infosys since 2003 and headed BPO operations in Mexico earlier.

Dheeshjith V G, Head of New Markets and Services, Infosys Technologies, said, “We are fully committed to Brazil and will be leveraging our presence there to offer our full range of IT Consulting, IT services and BPO for our global and Brazilian clients across all industries including banking, financial services, insurance, manufacturing, retail, distribution, telecom, energy, resources and other industries.” Source

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