Brazilian systems integrator Stefanini IT Solutions hopes to further develop its client offering in Latin America with the creation of a new arm focused on the development of Big Data tools and services.
Stefanini's newly-launched subsidiary Datastorm will offer services including consultancy, implementation, infrastructure and "big data-as-a-service" to Brazilian companies and other Latin American markets.
Datastorm has agreed partnerships with infrastructure vendors Cassandra and MongoDB, among others. The technical operation will be based in Belo Horizonte, in the state of Minas Gerais.
The announcement is part of Stefanini's strategy to reverse its fortunes. The company, one of the largest IT outsourcers in Brazil, wanted to end 2013 with a 15 percent boost in its financial performance, but managed to end last year with revenues of R$ 2.1bn ($925m), an increase of 11 percent on the R$ 1.9bn ($837m) figure reported in 2012.
The advanced data analytics market in Brazil may be incipient, but the forecasts are promising: market revenues for Big Data in Brazil that stood at $243.6m in 2013 are expected to reach $965m in 2018, according to a study released in February by Frost & Sullivan.