Geocom, a Uruguayan technology company with regional reach, joins the Vesta Software portfolio

Uruguayan technology company Geocom, founded in 1997 and with a presence in six regional countries, has been acquired by Vesta Software, a subsidiary of global giant Constellation Software. Vesta CEO Richard Clancy confirmed to the newspaper El País that the deal, closed on July 30 for an undisclosed amount, represents the company’s largest investment in Uruguay.

The sale will not change Geocom’s structure, team, or name. According to Clancy, the plan is to “double its size in two to three years,” leveraging access to global best practices, new business opportunities, and international training. Geocom is a leader in vertical software for retail, healthcare, and government. It is an example of a world-class Uruguayan company, and we saw potential for the Americas and European countries,” the executive told the Uruguayan media.

Geocom, a technology company with regional reach

With over 400 employees and a turnover of US$35 million in 2024, Geocom maintains organic growth of between 15% and 20% per year. Its business areas include retail (GEOPos), healthcare (GEOSalud), and e-government. Its clients include Cruz Verde in Chile, Oxxo in several countries, Farmashop, San Roque, Supermercados Ta-Ta, Tienda Inglesa, and public entities such as Sucive, Inac, and municipal governments.

Vesta and Uruguay: a history of sustained investment

The purchase of Geocom adds to the seven acquisitions that Vesta has made in Uruguay in recent years—GeneXus Consulting, K2B, Datalogic, Uruware, GSoft, Nodum, Greycon—and to that of Infocorp by Constellation. As Carolina Gutiérrez, Vesta’s leader for Latin America, highlighted at an event organized by Uruguay XXI in 2024, the choice of Uruguay as a regional hub reflects the combination of talent, business maturity, and a stable business environment.

Since 2020, Vesta has invested some US$70 million in the country and established a talent and services hub for the region. “Uruguay is the gateway to Latin America,” Gutiérrez said at the time, noting that several acquired companies nearly doubled their turnover in three years under the group’s growth model.

The Geocom case reinforces Uruguay’s position as a destination for high-value-added technology investments. Economic stability, legal certainty, infrastructure, and tax incentives continue to attract global groups seeking talent and opportunities to expand into Latin America and beyond.

Vesta’s commitment to maintaining the identity of the companies it acquires while enhancing their scale and international reach is also an example of the type of long-term investment contributing to consolidating Uruguay’s technology ecosystem as one of the most dynamic in the region.