Business

UK-based Claranet invests $100 million to expand cloud computing in Brazil

Since 2012, the company has made 28 acquisitions and now plans to accelerate this process in Brazil and Latin America

Photo: Screenshot/Claranet
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  • The amount will be used to support organic growth and for the acquisition of other companies in the sector;
  • The company has seen growth in Brazil supported in part by an aggressive acquisition campaign.

The UK-based cloud computing company Claranet announced on Thursday an investment of $100 million to expand its operations in Brazil.

The amount will be used to support organic growth and for the acquisition of other companies in the sector, within the plans to make the Brazilian operation the most important of the group in the next three years. The plan includes expanding the staff from 200 to 500 in 2021.

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“The investment aims to make Brazil’s operation one of the largest ‘hybrid cloud’ and cybersecurity groups in the market, focusing on services with high growth potential and aligned with the digitalization challenges of medium and large companies,” said the company president, Edivaldo Rocha.

The company, which claims to have more than 6,800 customers and around 2,500 workers spread across 24 offices worldwide, has seen growth in Brazil supported in part by an aggressive acquisition campaign.

Since 2012, the company has made 28 acquisitions and now plans to accelerate this process in Brazil and Latin America to support the annual pace of revenue expansion, which has remained at around 37% over the past five years. One of the last acquisitions was CorpFlex, last August.

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According to a survey by market research firm IDC, global revenue from suppliers of IT infrastructure products for cloud environments increased 9.4% year-on-year in the third quarter of 2020, while investments in traditional IT infrastructure fell 8, 3% year on year.

(Translated by LABS)

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