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Press Release
Aptech forays into Brazil, enters into a joint venture with the Falgo group
27 April, 2009
Mumbai: Aptech Limited, a global retail & corporate training solutions major, has announced its plans to enter the Brazilian market by partnering with a Brazilian group through a Joint Venture (JV).
At the signing of the JV in Brazil, Ninad Karpe, CEO & MD, Aptech Limited, said, “The JV would primarily focus on the ICT training business through Aptech Computer Education brand, to begin with. Aptech Brasil will be addressing the Retail Market with ACCP and other related ICT courses. These programs will be inline with Brazilian University programs, in order to give the best benefit to students in terms of enhanced employability options upon completion of Aptech programs.”
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The JV constitutes 51 per cent investment from Aptech, while the rest is being invested in equal parts by the Brazilian group. Aptech has collaborated with FALGO EMPREENDIMENTOS E PARTICIPAÇÕES S. and its group company, 3A&F TECNOLOGIA DA INFORMAÇÃO LTDA, for its entry into the region.
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Sharing his thoughts at the signing of the JV, Élson de Barros Gomes Jr., A.H. Consul of India in Minas Gerais, said, “I feel honoured as the Consul of India in Minas Gerais to be living this historical moment of technological advancement and profound progress for education in Brazil. The arrival of Aptech in the country is what we can call an evolution in what concerns the development of the highest technology in the world today. From now on, the country will be able to 4enefit from the services and skills of this important company that has already provided great advances to India and will do the same for Brazil.”
Aptech’s foray in Brazil will help the company to develop, expand and focus better on the entire Latin American region. Currently Aptech has its education centres at Mexico, El Salvador & Peru. Aptech Brazil also plans to commence its operations at Belo Horizonte, MG and Sao Paulo through its own centres as well as by developing the franchisee network simultaneously. Aptech is also looking at supporting government initiatives for spreading ICT awareness in Brazil and would translate its programs into Portuguese in order to address maximum market penetration.
Pedro Cunha, while expressing his delight at having joined as the CEO of Aptech Brasil, said, "My endeavour as a CEO will be to scale up the offerings of proven quality educational curriculum, resources and world-class methodology from Aptech, in order to foster talent in Brazil for the global IT industry. It will be a great opportunity for students in Brazil to have access to world-class and globally accepted IT training from Aptech. We believe that such a partnership will drive the IT revolution in Brazil and Aptech Brasil will effectively build world-class IT talent in Brazil. The joint efforts will be to address the immediate needs and the long-term ambitions of the Brazilian students.”
Why Brazil
• Brazil is the largest IT market in Latin America, representing more than 45
percent of the total investments for the sector in the region. According to
Business Monitor International (BMI), it is projected to grow at a compound
annual growth rate of 11 per cent over 2008-2013.
• Government spending is expected to increase to US $23 billion by 2013 as IT
is one of the Federal Government’s strategic sectors in the Growth
Acceleration Plan.
• According to Brazilian government targets, the domestic software and
services industry should generate 100,000 jobs and an additional US $1
billion in revenues by 2010.
• The Brazilian government is expected to sign an agreement with reputed
institutes to train 10,000 IT programmers in 2009 to help achieve these
goals.
• A tender for 300,000 PC units is expected to be implemented by 2009 as IT
for education has emerged as a key priority of Brazil’s government and tends
to stimulate consumption since teachers and schools are eligible for
preferential financing when they buy a laptop.
• Brazil has around 40 million Internet users, which represents over 20% of the population. The number of Internet users continues to grow steadily, aided
by government projects aimed at increasing points of access across the
country.
About Aptech
Aptech Limited is a global retail & corporate training solutions provider headquartered in Mumbai, India, with a presence across 5 continents. The company commenced its IT training business in 1986. Over the years, Aptech Limited has trained over 5 million students.
In 1993, Aptech became the first IT training organization in Asia to receive the ISO 9001 quality certification for ‘Education Support Services’.
The company has grown & diversified into various education-related businesses & its stock is listed on the BSE & the NSE.
For details, please contact
Aptech Limited |
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